George Osborne got 650k p.a. for working one day a week 📂 Archived Message
Posted by Raskolnikov on November 13, 2021, 7:07 pm, in reply to "Is Black rock ingrained in the UK system as much?"
https://www.socialist.net/osborne-the-evening-standard-and-capitalism-s-revolving-door.htm What has made this appointment even more controversial is that a week earlier Osborne had accepted a high paying part-time job for investment giant BlackRock. What is BlackRock? According to Wikipedia: “BlackRock is the world's largest asset manager with $5.1 trillion in assets under management. BlackRock operates globally with 22 investment centres, 70 offices in 30 countries and clients in 100 countries. Due to its power, Blackrock has been called the world's largest shadow bank.” So not a small operation then. It seems Osborne will be paid a whopping £650,000 a year for “working” one day per week for BlackRock. When workers are being told to take pay cuts, this flagrant display of unearned and unjustifiable income will rightly provoke anger. It seems there is no austerity for George, one of the key architects of the Tory government’s austerity programme. In fact, the former chancellor thinks he can still continue as one of our “hard-working” (as they like to call themselves) members of parliament. Safe to assume they have their claws into the UK too.
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