By Nigel Morris and Charlie Cooper
More than half a million Britons (click here) have resorted to using food banks to stave off hunger and destitution, the Government has been warned.
Major charities signalled their alarm over a dramatic rise in the nation's "hidden hungry" – families who are forced to ask for help to feed themselves – because of wage cuts, the squeeze on benefits and the continuing economic downturn. The numbers have trebled in the past year alone and are likely to continue rising rapidly despite Britain's status as one of the world's wealthiest nations, according to a joint report by Oxfam and Church Action on Poverty....
Oxfam in Great Britain. A half million of the population in the UK is about 9 percent of the country.
When a Wall Street darling CAUSES economic downturns, employee lay offs and lines at food kitchens, the pay needs to reflect that. Why? Because if the Wall Street Darling continues that trend in the face of economic down trend, they won't have a market for long.
Blankfein is not only over paid, he is scandalously overpaid.
Oxfam in Great Britain. A half million of the population in the UK is about 9 percent of the country.
When a Wall Street darling CAUSES economic downturns, employee lay offs and lines at food kitchens, the pay needs to reflect that. Why? Because if the Wall Street Darling continues that trend in the face of economic down trend, they won't have a market for long.
Blankfein is not only over paid, he is scandalously overpaid.
By Elizabeth Dexheimer - May 29, 2013 7:12 PM ET
Bloomberg Markets Magazine
Bankers (click here) at Goldman Sachs Group Inc. (GS) had a tumultuous 2012. The firm cut 900 jobs, promoted the fewest executives to the exalted post of partner in more than a decade and slashed the portion of revenue set aside for compensation to 38 percent from 42 percent a year earlier.
For the man at the very top of Goldman Sachs’s pay pyramid, Chief Executive Officer Lloyd Blankfein, 2012 was his finest year since the boom times of 2007. Blankfein, 58, was awarded $26 million for his work last year, lifting him to No. 1 in the Bloomberg Markets ranking of the best-paid CEOs at North America’s 20 largest financial companies by customer deposits.
John Stumpf, who led Wells Fargo & Co (WFC). to a record profit of $18.9 billion, ran a distant second, at $19.3 million, Bloomberg Markets magazine will report in its July issue....
