Make Wealth History (Free subscription) | 13/11/2009
A couple of weeks ago I wrote to Lord Griffiths about some comments he had made about inequality. I suggested that his view that inequality was a necessary side-effect to wealth creation wasn’t acceptable, and recommended that he read The Spirit Level. To be honest, I wasn’t entirely expecting a reply on this one, but [...]
Make Wealth History (Free subscription) | 26/10/2009
Lord Griffiths, a Conservative peer and vice-chairman of investment Goldman Sachs, spoke out in favour of big bonuses on friday. “We have to accept that inequality is a way of achieving greater opportunity and prosperity for all”, he said. Erm, no my lord. Inequality is directly linked to crime, teenage pregnancy, educational performance, alcohol addiction, stress, [...]
The Third Estate (Free subscription) | 24/10/2009
What with the postal strike and Nick Griffin on Question Time totally dominating the news agenda, quite a few interesting news stories didn’t really get the attention they deserved this week. Perhaps the most notable of these was the breathtaking arrogance displayed by Goldman Sachs vice-chairman Lord Griffiths on Tuesday night. I have to confess I [...] No related posts.
Pam's House Blend (Free subscription) | 23/10/2009
Oh, the humility!!! Sackcloth and ashes for everyone else! An unbelievable class warfare quote of the day. One of the City's leading figures has suggested that inequality created by bankers' huge salaries is a price worth paying for greater prosperity. In remarks that will fuel the row around excessive pay, Lord Griffiths, vice-chairman of Goldman Sachs International and a former adviser to Margaret...
The Guardian (Free subscription) | 23/10/2009
Your article ( Miliband: climate change pact uncertain , 20 October) notes that President Obama's climate envoy, Todd Stern, "refused to be drawn on whether Obama would join Gordon Brown in attending Copenhagen". The world will take a dim view of a US president who took the time and trouble to visit Copenhagen in an attempt to secure the US's Olympic bid, but wasn't willing to make a similar...
Flying Aqua Badger (Free subscription) | 22/10/2009
Lord Griffiths of Fforestfach is vice-chairman of Goldman Sachs International and a former adviser to Lady Thatcher during her spell in office. He is quoted in the Times with this: Lord Griffiths said the general public should “tolerate the inequality as a way to achieve greater prosperity for all”, saying also that “we should not ... be ashamed of offering compensation in an internationally...
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The man is the walking definition of a Sociopath
Antisocial Personality Disorder is also known as psychopathy or sociopathy. Individuals with this disorder have little regard for the feeling and welfare...
Aftermath News (Free subscription) | 22/10/2009
Lord Griffiths has echoed the ‘Greed is good’ maxim by Gordon Gekko, played by Michael Douglas in the film Wall Street, by saying inequality is good Inequality is good, says Goldman chief, echoing Gordon Gekko as he defends huge bank bonuses Daily Mail | Oct 21, 2009 By Rupert Steiner The vice-chairman of Goldman Sachs has launched an astonishing [...]
The Economic Populist (Free subscription) | 22/10/2009
Hat tip to Firedoglake, for picking this up from MSNBC and The London Guardian: In remarks that will fuel the row around excessive pay, Lord Griffiths, vice-chairman of Goldman Sachs International and a former adviser to Margaret Thatcher, said banks should not be ashamed of rewarding their staff. Speaking to an audience at St Paul’s Cathedral in London about morality in the marketplace last...
The Garlic (Free subscription) | 22/10/2009
It's, kind of, not fair, when they make it this easy. Our roster of Our roster of Ignorant Dolts grows again today, with Goldman Sachs advisor Brian Griffiths , salivating, and drooling all over himself, reaching out for that dubious Ignorant Dolt Crown and Sceptre From Bloomberg; Goldman Sachs’s Griffiths Says Inequality Helps All (Update1) Oct. 21 (Bloomberg) -- A Goldman Sachs International...
Cara Community - Comments (Free subscription) | 22/10/2009
In reply to Cara's Commentary & Community Chat, Wednesday, Oct. 21, 2009 : Thanks Bev. Your posts are always worth clicking into. On this one I drilled down a little deeper. Heres a quote from a Goldman Sacks vp in England from a discussion on ethics and compensation........Lord Griffiths said the general public should “tolerate the inequality as a way to achieve greater prosperity for all”...
The Curmudgeon (Free subscription) | 21/10/2009
Even after thirty years of Thatcherism, with an ever-yawning pay gap to show for it, there is still one man in the world who believes in trickledown economics, whereby the rich do as they please and the poor share in the losses. He is Lord Griffiths, a former sycophant at the old bag's court and now, doubtless on merit alone, the vice-chair of Goldman Sachs International. Griffiths, whose
The Observer (Free subscription) | 21/10/2009
Chancellor attacks Wall Street bank's £10bn payout plan after vice-chairman Lord Griffiths says huge salaries are price worth paying Alistair Darling has openly criticised Goldman Sachs over its plan to pay huge staff bonuses so soon after the financial crisis nearly crushed the banking sector. Speaking at an event in London this lunchtime, the chancellor cited the Wall Street giant as an example...
And, yes, I DO take it personally (Free subscription) | 21/10/2009
what unparalleled arrogance...! what unadulterated crap...! this guy is obviously completely detached from the real world, that messy, not always soft and cushy place where most of us hang out... One of the City's leading figures has suggested that inequality created by bankers' huge salaries is a price worth paying for greater prosperity . In remarks that will fuel the row around excessive pay, Lord...
The Observer (Free subscription) | 21/10/2009
Bankers' soaring pay is an investment in the economy, Lord Griffiths tells public meeting on City morality One of the City's leading figures has suggested that inequality created by bankers' huge salaries is a price worth paying for greater prosperity. In remarks that will fuel the row around excessive pay, Lord Griffiths, vice-chairman of Goldman Sachs International and a former adviser to Margaret...
Metro.co.uk (Free subscription) | 21/10/2009
Lord Griffiths launches defiant defence of huge bonuses, warning that without them City firms will leave UK.
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