The New York Times logo The New York Times 3 weeks ago

British Bankers Defend Their Pay and Bonuses

LONDON “Profit is not satanic,” John Varley, the chief executive of Barclays, told an audience at St. Martin-in-the-Fields church here this week. Full Article at The New York Times

Related Topics:

  1. John Varley
  2. Goldman Sachs
  3. Royal Bank of Scotland

Related Articles

  1. The Telegraph logo
    Barclays in bonus pledge as investment profits hold firm
    3 weeks ago

    Analysts expect Barclays Capital to pay out £5bn in salaries and bonuses this year but bank executives are preparing to seize the initiative on how bonuses are paid ahead of an anticipated crackdown by the Financial Services Authority. Full Article at The Telegraph

  2. New Zealand Herald logo
    Room for the rich in kingdom of heaven, say bankers
    3 weeks ago

    Barclays chief executive John Varley stood at the lectern in St Martin-in-the-Fields on London's Trafalgar Square and told the packed church that "profit is not satanic". Full Article at New Zealand Herald

  3. Guardian Unlimited logo
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  4. The Independent logo
    Seegers out as Diamond wins again in the power struggle at Barclays
    3 weeks ago

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Related Quotes

  1. It is the idea that you can buy off God. They have a duty to be extravagantly generous
    – Richard Chartres SOURCE: New Zealand Herald 3 weeks ago
  2. One of the great problems about our civilization is the divorce between public and private life, between fact and value, between the privatization of faith and a public life which sometimes seems can only be organized on the basis of number- based observations
    – Richard Chartres SOURCE: Michael Moore - This Just In 3 weeks ago
  3. They have a duty to be extravagantly generous ... because to those to whom much has been given much will be required.
    – Richard Chartres SOURCE: Michael Moore - This Just In 3 weeks ago
  4. The money changers were actually selling sacrifices
    – Richard Chartres SOURCE: Michael Moore - This Just In 3 weeks ago
View all Related Quotes »
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  1. John Varley, the Group Chief Executive of Barclays Bank leaves after attending a meeting at the Treasury in London, Monday, July 27, 2009.
  2. LONDON, ENGLAND - JULY 27: Barclays chief executive John Varley leaves the Treasury after attending a meeting with Chancellor of the Exchequer Alistair Darling and other banking leaders on July 27, 2009 in London, England.
  3. LONDON - APRIL 15: CEO of Barclays Bank, John Varley, leaves Downing Street with other leading bankers following talks with the British Prime Minister Gordon Brown on April 15, 2008 in London, England. Brown held a meeting with senior bankers to discuss the current global economic crisis.
  4. ST ANDREWS, SCOTLAND - NOVEMBER 06: French Finance Minister Christine Lagarde (L) arrives with Domonique Strauss-Khan of the IMF and Governor of the Bank of England, Mervin King (R) for the evening dinner at the Fairmont Hotel, on November 6, 2009 in St Andrews, Scotland.
  5. LONDON, ENGLAND - OCTOBER 23: City workers walk past the Bank of England on the morning that the Office for National Statistics announced that the UK is in the longest recession since records began on October 23, 2009 in London, England.
  6. People walk by the Bank of England in the city of London, Thursday, Oct. 8, 2009. The Bank of England, Thursday, keeps UK interest rate at 0.5 percent for the seventh successive month and said it would continue with its quantitative easing programme.
  7. ISTANBUL, TURKEY - OCTOBER 3: In this handout image supplied by the IMF, G-7 Finance Ministers and their Bank Governors hold a meeting at the Istanbul Congress Center October 3, 2009 in Istanbul, Turkey.

Cast of Characters

  1. John Varley
  2. Goldman Sachs Goldman Sachs
  3. Lazard LTD. Lazard LTD.
  4. Bank of England
  5. Royal Bank of Scotland Royal Bank of Scotland
  6. Josef Ackermann Josef Ackermann