Tag Finance

Deutsche Bank to ‘globalise’ bonus pain

Skewed logic.If they are taxed less or no tax in tax havens. will they spread the additional profit among the 'world'?
If they make more profit in US and, say loss in India, will they issue bonus to Indian staff for it is 'global sharing'?
Bonus means exgratia and not a matter of Right.If, as has been made out you are rewarding talent by bonus,are you saying you have been paying less all along?
Either declare bonus based on global performance among all or stick to National profitability.

Government Reconsiders Quick Sale of Citigroup Stake

You have quite a few creditors and you have very little money.You want to pay your biggest creditor to escape his grip on you.You decide to pay him and announce it publicly.What will happen?
Other creditors will be peeved and spread the word around.When you look for new creditors(investors), they are not to be found.
This what us individuals who have credit will think.Not giant finance companies.
Strange is the observation that Govt. should have started selling its stakes,it is akin to asking your creditor to pass on your credit to him to somebody else .
Juxtapose this with cooking books in US and Abu Dhabi.