This quote will not go over well, at least in America where we’re really sensitive about this stuff.
Lord Griffith Of Fforestfatch (really), a former Thatcher advisor and vice-chairman of Goldman Sachs (GS) international, defended his company’s massive compensation at a debate.
Telegraph: As he defended the bank’s lavish bonuses, 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 competitive market which ensures the bank businesses here and employs British people”.
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