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Investment bankers might be overpaid – just as their critic Alistair Darling, definitely not up to his job as Chancellor
clipped from news.efinancialcareers.co.uk

Ever suspected that you’re grossly overpaid for what you do? Resolve the question once and for all by conversing with neighbours over your garden fence.


He says one way to gauge, and therefore avoid this frustration, is to envisage a chummy conversation with Mr Smith at number 19: “If you’re leaning over the fence talking to your next-door neighbour, can you justify what you’ve done?”


And if Mr Smith doesn’t grasp the significance of 12 months spent assembling ill-fated pitchbooks or devising new forms of constant proportion portfolio insurance product? It may just be you’re paid too much.


Darling appears to be following his own advice. What with the Northern Rock nationalisation being a tangible thing that any neighbour ought to comprehend, the Telegraph reports that the chief exec and CFO will be paid 90k and 75k per month respectively – more even than John Mack.

So, what did you do to deserve all that cash?
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