Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

Gonna paint the town red eh?

Workers rool ok!

A fantastic achievement!

America's Cup: Ben Ainslie's USA beat Team New Zealand in decider


Each to their own!

Bondage fear at Trumpington Village Hall sparks event cancellation

Has the tory party become “The party of corruption and Muddy backdoor gate”?

One can now see the need for another Coulson.

I do hope Cameron and his cleaner than clean mates are going to think about pay back any bribes they may have received.

I wonder if any policies were being bought by pals of the "governor"?


http://www.independent.co.uk/news/business/news/lets-discuss-kickbacks-over-lunch-tory-donors-firm-fined-55m-over-libor-fixing-8839198.html

"Let's discuss kickbacks over lunch': Tory donor's firm fined £55m over Libor fixing
Traders' emails reveal shocking conspiracy at Icap, the financial company owned by former Conservative treasurer and prominent party donor Michael Spencer - now bankers face 30 years in jail


One of the Conservatives’ most powerful and generous donors is at the centre of a political and financial storm after City watchdogs savaged his firm for its role in the Libor interest-rate fixing scandal.

Icap, the company founded by the former Tory treasurer Michael Spencer, has been fined a total of £55m by regulators on both sides of the Atlantic – £14m in Britain and £41m in the US – while three former employees responsible for the misconduct have been charged in New York with conspiracy to commit fraud and wire fraud. The New Zealand national Darrell Read and Britons Daniel Wilkinson and Colin Goodman face up to 30 years in prison if convicted.

The news is particularly uncomfortable for the Conservatives as it emerged on the same day that George Osborne announced he had launched a legal challenge against the European Union’s planned cap on bankers’ bonuses."

ben ainslie's feat - along with the boat and the crew - was absolutely stunning and surely on a par with the ryder cup victory at medinah

The two faces of democracy.



Perhaps the face of the CON Party..

bankers' bonuses and similar
is this really something that should be regulated by gov't?
shareholders can force the issue themselves, if they have the will, and is this not where the decision should lie?

Your remark seems to me that your remark sounds you are suggesting putting "law and order" into the hands of the criminal "fraternity".

I suppose that is what happens in some parts of the city and some overseas islands.

I wondered if Cameron's real goal was to produce and old Etonian thiefdom.

Manuel,

I suppose it maybe your form of "Utopia".

8-)

fred - i asked a sensible and straight and apolitical question to which i never expected a similar answer from you
you ran absolutely true to form

Shareholders have next to no say in anything, same as voters.

Cynic,

Attack the messenger, a typical tory smear pattern. Bring out the PR merchants the party needs them.


BUT, isn't it nice to be at the top with clean hands and no knowledge, sounds more like Mafia's Old Folks' Club.




"John Mann, a Labour member of the Treasury Select Committee, wrote to Mr Cameron demanding that the Conservatives give Mr Spencer’s money to forces’ charities. All Libor fines levied by British authorities on banks including Barclays, RBS and Lloyds have been given to the Armed Forces Covenant Fund. “Michael Spencer’s donations to the Conservative Party got him access to the Prime Minister at Chequers,” he said. “Now his firm Icap has been fined for fixing the Libor rates. I have called on [the Prime Minister] to confirm that he will ensure that [these] donations go to armed forces charities.”

Michael Dugher, Labour’s vice-chair, echoed Mr Miliband’s conference speech when he said Mr Cameron was standing up “for the privileged few rather than ordinary people”.

“He fought tooth and nail to avoid launching a proper inquiry into the scandal of rigging interest rates, the very scandal which has now engulfed one of his big donors,” he said.

“In the end it’s a privileged few whose voices he hears, and whose interests he acts in. The Tories should now return this money.”

But a Conservative spokesman said the party would not be returning the money and pointed out prosecutors had made clear that no senior executives at Icap knew what had been going on. “They ought to be very careful what they are insinuating,” he said.

Mr Spencer, who founded Icap in 1986 and remains one of its biggest shareholders, confirmed that he and senior colleagues will feel the impact of the affair in their wages, but declined to say how much they would be cut by. “I have no involvement in setting my compensation,” he told reporters."

Remuneration committee's set the wages...but who appoints them?

MK - i'm quite sure you are wrong ..... it has certainly been seen in the past where the shareholders have pressurised the company into acting in THE SHAREHOLDERS' interests ........ at an AGM, or even and EGM, the shareholders can certainly tell the remuneration committee that their proposals are unacceptable and force them to change

for whatever reasons, even the largest shareholders (pension funds and similar) do not feel sufficiently strongly about it - which is perhaps one reason why i don't like them either!

nevertheless, my original question still stands

''no senior executives at Icap knew what had been going on.'' what a damning statement. So what happened to 'if you want the best you have to pay for it'
2517

Lord Mandelson has raised doubts about Labour's plan to freeze energy bills, suggesting people may think it is going "backwards" in its industrial policy.

The former business secretary said he believed the party had moved on from the days of having to choose "between state control and laissez-faire".

The Labour conference voted for the renationalisation of Royal Mail and British Rail.

How would the UK afford to pay for the shareholder buyout of those companies?

it can't and it won't and there is probably no advantage to any other than the unions for these entities to be renationalised

Milibnd has said several times during the conference that he wants to bring back Socialism. I have seen no evidence that the UK wants socialism. Michael Foot tried it and failed miserably. His election manifesto was called the longest suicide note in history. Let's hope Miliband has similar success.