Sunday, February 8, 2009

What is the price of failure

It seems to be about £40 million.....

A ROYAL BANK OF SCOTLAND executive who led its investments into “toxic” sub-prime loans was paid close to £40m in just three years, The Sunday Times can reveal. Jay Levine, 47, was the bank’s highest-paid employee, earning almost four times more than former chief executive Sir Fred Goodwin.

(From the Sunday Times)


  1. RBS are also paying out a billion in bonuses.

  2. Unbelievable. The whole bally mess is unbelievable.

  3. Alice: Do please learn to disciminate between "earning" nd "was paid". Bankers and sportsmen = peas in the same pod.