Gasp! How could they ask such a question during such difficult times? Billions upon billions have been lost due to false logic and billions have been paid out in bonuses for that shady business but HSBC just knows that they are right, others wrong. Silly commoners. Don't people know that in order to keep quality people, Wall Street and City bankers need to keep paying top money? (To make this leap of logic, please just keep thinking it's 2006 and that the subprime bubble did not burst and require bailouts or massive intervention from central banks.) There always has to be one or two complainers out there who don't understand posh finance, right?
"There is no question in my mind that high levels of pay come with high levels of personal responsibility," said Green, who is an ordained Church of England minister. "High pay, unless justified by high performance, is unjustifiable and even when it is justified by high performance I have to say that poses some [questions about] individual personal responsibility."
One shareholder argued that once pay packets reached astronomic heights, as they may at HSBC, "they are no longer private and personal because of the amount of money they involve and the degree of inequality in our society."
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