Despite the fuss over multi-million pound City bonuses, the reality is that the large awards go to a very select group (resulting in misleading averages). That fact is illustrated by the case of Richard Ratner – the genial former Seymour Pierce retail analyst and perhaps the best known City scribbler of recent years.
Ratty died suddenly at the end of 2007 after a distinguished, and lengthy, City career. I now discover that he left his entire estate – worth £373,948 – to his wife, Silvia.
That’s a tidy sum, for sure, but does it really represent the massive bungs the politicians are currently associating with the Square Mile?