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Sunday, February 8, 2009

What is the price of failure

It seems to be about £40 million.....

A ROYAL BANK OF SCOTLAND executive who led its investments into “toxic” sub-prime loans was paid close to £40m in just three years, The Sunday Times can reveal. Jay Levine, 47, was the bank’s highest-paid employee, earning almost four times more than former chief executive Sir Fred Goodwin.

(From the Sunday Times)

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