Goldman Sachs Vice-Chair: Tolerate the Inequality
Submitted by Tony Wikrent on October 22, 2009 - 13:20Hat tip to Firedoglake, for picking this up from MSNBC and The London Guardian:
In remarks that will fuel the row around excessive pay, Lord Griffiths, vice-chairman of Goldman Sachs International and a former adviser to Margaret Thatcher, said banks should not be ashamed of rewarding their staff.
Speaking to an audience at St Paul's Cathedral in London about morality in the marketplace last night, Griffiths said the British public should "tolerate the inequality as a way to achieve greater prosperity for all"