|Ricci: What did you expect? He’s just your typical douche.
March 20, 2013
Barclays has been accused of trying to bury news that it paid its top bankers an “extraordinarily greedy” £39.5m in bonuses by sneaking out the pay details when most of the City was distracted by the budget.
The bank, which promised it was “changing” after being fined £290m last year for its role in the Libor-rigging scandal, gave £17.6m worth of shares to Rich Ricci, the head of its investment banking division. Ricci, who owns 11 horses that raced at the Cheltenham Festival last week including one named Fatcatinthehat, immediately cashed in all of the shares.
The bonus will swell his pay packet so much that means the taxman will collect £9.3m from his next payslip. However, budget day tax changes including the government’s decision to scrap the 50p top rate will result in Ricci taking home an extra £27,149 from his basic salary of £700,000 from next month.
Ricci’s bonus is worth 656 times the average UK salary, but Wednesday’s payday was dwarfed by the £44m in pay and bonuses he collected in 2010.
In case you were wondering, that is $26,458,250.00 American. Irregardless, something tells me people will not be disgusted enough to cease business with Barclays.
Mark my words: one of these days, with the ever-expanding gap between the rich and poor, and the destruction of the middle class, there will come a time where there will be a reenactment of the French Revolution… only on a much larger scale. The same assholes reaping in hundreds of times more money than the average working person are the same assholes, generally, responsible for the dismantling/destruction of industry and resultant erosion of the middle class.
These people and those that attend Bilderberg must be some of the shortest-sighted idiots I’ve seen yet. To trick yourself into believing these people are smart is equative to calling those that bite the hand that feeds them genius. The middle class was the great buffer that pacified the masses; it was the very thing protecting people like Rothschild, Rockefeller, Carnegie, Gates, and so many more from possibly facing French Revolution style vengeance… yet they all, in each their own way, paved the way to erode that buffer.