Monday 2 July 2012

Shoddy mistreatment of clients & shareholders

It's time and past time to FIRE / DISMISS the executives who either directly or indirectly contribute to market manipulation in any or all its forms and who by virtue of their appointment only hold a mandate from shareholders / clients to exercise oversight with due care and vigilance. Accepting the resignations of these individuals offers an avenue of escape which avoids the social blight they clearly fear most. It's a tacit acceptance of flagrant misconduct and or blatant incompetence both disgraceful and an insult to the market and the service-ethos at large.

A Savile-row tailored suit and a disproportionately high wage does not absolve any individual from negligence, INTERBANK-COLLUSION, malfeasance, misconduct, incompetence or blatant stupidity!

By the way Diamond, Dimon and Agius, aside from your obligations prescribed under fiduciary duty, it's your job to exercise due care, oversight and control! It's time to institute an international civil claim against these (b)ankers directly.  

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