Sants to scoop £3m Barclays pay package

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The rewards for failure never cease to make my heart sink.

Yup, the regulators are now milking shareholders and often earning 10 x +++ what actual stockbrokers and fm's are earning. In essence the compliance universe has become a corrupt and warped environment with people like Sants acting like mini-Stalin's. These people are never wrong, never admit to mistakes, never take responsibility, never take any personal liability, know very little about the industry and sectors that they are regulating, are full of inflated egos, get absurdly overpaid for regurgitating non-sensical and often undemocratic compliance guidelines, lie to politicians, lie amongst themselves, issue costly fines to small FSA regulated firms that have no bearing on reality, let the architects of the universe get away with blue murder, put genuine PCIAM firms out of business on a regular basis and yet support the creation of bucket shops in the guise of CFD and other exotic derivative enterprises, do very little for the real economy, fail to ignite interest in real investing...have I missed anything? God help Barclays and its shareholders. No doubt when the balloon eventually goes up Sants and his cronies will have moved on to the next sucker bank.

Family motto: "Do as I say, not as I do." Irony is too weak a word. Sadly it doesn't beggar belief. In good company at Barclays whatever.

He's there to give advice to Barclays on the size of the fine to be paid to the FSA for Libor rigging.How little they need to pay up!

So much for "be very frightened folks!"

barclays have still got too much money to burn.Sants is hardly worth £70,000 let alone £700,000. Why does he need any extra incentives to do a basic job

& make a nonsense of that one too.Barclays obviously think that they have bought off a puppet to enable them to continue to make illicit profits in the normal way.Didnt they do well in the small fine in comparison to UBS re Libor rigging.maybe it is pay-back time for Dear Hector.

I was on holiday when this was announced; I should have stayed away!