Index

18   THE HAVES AND HAVE YACHTS

High old times for London's financiers. They call themselves "the haves and the have yachts", rich London bankers and traders who drop tens of thousands of dollars for a evening of cocktails. London's financial stars were paid a total of $US17 billion ($NZ24 billion) in annual bonuses in recent weeks including more than 4200 people who received bonuses of at least $US2 million each, on top of salaries already sagging under the weight of zeros. "There is a great deal of money sloshing about," said Tony Travers of the London School of Economics.

Los Angeles Times, reproduced in Otago Daily Times 26/3/07

from The Guardian Political Review, Issue 52, 2007

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