Bankers Get Their Just Desserts
I like this story in The Times about how Bob Diamond has fired some of the jerks in Barclays. Remember that Mr. Diamond has dual British-American nationality so he obviously knows the British equivalent of jerk. I wonder if he called them all a wunch of bankers as he gave them their P45s.
I particularly liked this bit.
Mr Diamond referred to an infamous episode in 2002, when six Barclays bankers celebrating their bonuses spent £44,000 at the London restaurant Petrus, as “the no jerk rule personified”.
“That was embarrassing,” he said. “It was taking advantage — we have a responsibility to our colleagues and to have acted that way in a public place was inexcusable.”
The bankers consumed a 1982 Montrachet costing £1,400 and three bottles of Petrus Pomerol, the 1945 at £11,600, the 1946 at £9,400, and the 1947 at £12,300. There was also a dessert wine, costing £9,200. The restaurant threw in the food for free.
They may have got their food free, but did that include desserts. There’s more details of it here on the BBC.
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