to announce their bonuses for the year, Barclay's stated that their total bonus pool has decreased - in consideration to Project Merlin, the bank said - by seven per cent to £3.4bn
However, because of the inclusion of bonuses which had been deferred from previous years, total performance-related pay increased by 25 per cent to £3.5bn. On top of this basic pay has increased for investment Bankers. Average pay per employee at Barclays Capital, the investment banking arm of Barclays, rose to £236000 even as the bank insisted it had cut its bonus pool in line with the Project Merlin deal.
So Kavyasiddhi's talk, "All in this together - is it time for a Buddhist economics?" is relevant and timely. (Kavyasiddhi is a member of the Manchester branch of Triratna formerly known as the FWBO , you may remember her singing the Heart Sutra on our Video Page)
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Take small account of might, wealth and fame, for they soon pass and are forgotten. Instead, nurture love within you and and strive to be a friend to all. Truly, compassion is a balm for many wounds.
Dhammavadaka Sutra
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