Friday, 19 March 2010

Modest Ratty leaves realistic legacy

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?

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