That\’s a good one Polly

Politicians face hourly reminders that they are mortal, but not the denizens of the high towers of finance.

Apparently job security is higher in banking than it is in politics.

Hmmm….

8 thoughts on “That\’s a good one Polly”

  1. Know who else don’t face hourly reminders that they are mortal? Journalists like Toynbee.

    Though considering the perilous state of the print market and the Groaner’s finances, it’s not long before even a heroine of social justice could realistically get the sack from Rusbridger.

  2. Isn’t the problem with traders that they are reminded every working minute of their day of their mortality. By a big flashing P&L figure on their Bloomberg screen and its direct connection as to whether they’ll be out of a job at the end of the quarter or buying a new Aston Martin.

    To be fair though Polly is talking about the senior directors and I think she makes a pretty good point.

    It is clearly the case that non-execs can’t keep a proper eye on a bank of 140,000 people whilst also being non-exec of a raft of other companies, universities and charities.

  3. “To be fair though Polly is talking about the senior directors and I think she makes a pretty good point.

    It is clearly the case that non-execs can’t keep a proper eye on a bank of 140,000 people whilst also being non-exec of a raft of other companies, universities and charities.”

    But politicians can keep a proper eye on everything?

  4. Plausible deniability is the mantra of politicians, don’t ask so if something goes wrong it’s not your fault and you can cling on to power. Blair took this to new levels. Such a policy requires layers of bureacrats, quangos and enquiries afterwards. If your job is on the line, you make sure you find out what is going on, i.e you do the job you are paid for. Hopefully Bob Diamond has started a precedent of resigning because even though he didn’t know , he was responsible. Who was the last politician to do that?

  5. Estelle Morris.

    “She suddenly resigned her post in October 2002, explaining that she did not feel up to the job. She had made a commitment to the then Conservative Shadow Education Secretary, David Willetts to resign if the literacy and numeracy targets were not met.[1] In interviews following her resignation she stated that she had felt happier and more effective as a junior Education minister.”

    http://en.wikipedia.org/wiki/Estelle_Morris#Resignation

  6. Polly is merely comparing brown rats and black rats. The black rat is notorious for spreading plague, but actually the brown rat can too. As far as I am concerned a rat is a rat and I don’t want them in my house.

  7. Shinsei 67 is right: Toynbee’s article was about all the interlocking private and public sector directorships the ruling-class crassniks have built into a network which covers everything.
    It looks like the Summary and Comprehension parts of the traditional English Language syllabus have passed you by too.
    More seriously (as seriously) : it is chickens- coming-home- to-roost time for the anti-Statist bellowers on sites like this,who have successfully vandalised the comparatively slim ,democratically -accountable Socialist bureaucracy in the UK to replace it with a vast ,totally corrupted mirror image of what went before in which all the major institutions of the State are on the take.Well done! If you get rid of the public sector parts of the State and replace them with private sector agencies,you have still got a State (overrun by public schoolboys who don’t know the Parts of Speech).

Leave a Reply

Your email address will not be published. Required fields are marked *