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Should bankers be punished for their private lives?

COMMENTS

If Wall Street and Capitol Hill are allowed different standards of behaviour, surely you can allow for the fact that, sometimes, it may not be a bad thing to reconsider whether those standards still have meaning.  Read all comments »

RBS banker Alexandre Graham, who organised last weekend’s anti-drinking ban protest on the Tube, has left the firm, after fearing for his job once the story broke. But should banks really get involved in employees’ private lives?

Around 10,000 people descended on the Tube on 1 June to protest against no longer being able to booze on the underground. The Standard reported with glee that the mastermind was, shock-horror, an investment banker working for RBS.

Graham has since escaped the media glare by leaving RBS and fleeing to the jungles of South America. It’s not clear whether he was pushed or left of his own accord.

However, RBS was said to be “deeply embarrassed” by the event, and Graham was afraid he might be sacked after the revelations.

Let’s put it in perspective. It’s not as though he was a criminal mastermind or a social revolutionary, he just set up an event on Facebook, which got out of control.

And would it have caused such a media circus if it were organised by a plumber from Basingstoke? Probably not.

Positioned somewhere towards the upper echelons of society, bankers, the world assumes, should behave with a sense of decorum.

Is this a fair assumption? Should bankers be able to cut loose at the weekends, organise parties and protests just like everyone else? Or do their individual actions reflect on the organisation they work for?

Your thoughts please….

COMMENTS

Freddie, Investment Banking / M & A,  Mon 09 Jun 08

Theoretically, your private life (what little of it you have) should be your own. But this went out of the private sphere and into the public and hence drags RBS's, ahem, good name through the mud so you would have thought he'd be in for it...

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Geoff, Private Banking / Wealth Management,  Mon 09 Jun 08

You would have thought some of his fellow RBS bankers would have been lording it up on the tube as well...what's happening to them?!

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The Oracle, Derivatives,  Mon 09 Jun 08

If I want to get drunk, take drugs, commit adultery, play poker or organise a party on the Underground that is my business - as long as I perform. An employer that interferes in the private affairs of a valued employee risks losing that person. This RBS banker was a junior, hence worthless. You can bet RBS would have backed off had he been a senior producer.

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Anon, Hedge Funds,  Mon 09 Jun 08

Banks don't normally interfere in private life - however what is supposed to be private needs to remian private - the RBS banker was a joker with a personal grudge against the London Mayoral office - his female friend was reportedly fired - he took his personal vendetta against a public institution in the most disgraceful way - an open invitation on the Facebook calling for one big party using public resources is hardly one's private life

the a$$hold only needed some commonsense that this event would invite drunken drug addict zombies to be at their nastiest best - and that is what happened

remember the RBS joker played with your and my tax money and there's no excuse to that

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eddie, Credit,  Mon 09 Jun 08

The little jackass should have been fired, if he wasn't.  People shouldn't be drinking on public transport anyway.

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anon, Asset Management,  Tue 10 Jun 08

People have also failed to mention that he did organise an illegal demonstration...

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Gforce,  Tue 10 Jun 08

His story is something I'm sure we'll see more of. If he's dumb enough to plaster these revelations all over Facebook then he deserves to get the boot. Any bank would expect more ambitious endeavours from employees.

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Grumpy Old Man, HR & Recruitment,  Tue 10 Jun 08

You cannot draw a line between business and private life. So you can lie and cheat privately but not at work? You can commit lewd and indecent acts privately but not at work? You can take drugs privately but not at work? What is this all about, some people have no idea how to behave; there are morals and standards that need to be observed by all. No wonder we have this feral society with no sense of responsibility or right and wrong. Get a grip, sort yourself out and behave in a responsible grown up way. People like this should be taken out and..............................

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milensu,  Wed 11 Jun 08

Well all people are generally expected to display about the same level of maturity and courteousness that they show on a professional level, though at an informal level everyone should loosen up some. Bankers are not exactly the perfect picture of model citizens so they are entitled to have their own careless habits just like the rest of us. But when you make such deliberate attempts at making your private life public, you have to expect all kinds of consequences. Having that “brilliant” idea of putting it on facebook sounds like something I’d do when I want to kill two birds with one stone, cause a public nuisance and quit my job.

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Let em have it, Operations,  Wed 11 Jun 08

Only in  a total dump like England would anyone want to have a drink on a dirty smelly train. Can't you Brits do anything without boozing? Probably, not. Might as well just accept  that English culture is just about drinking and nothing else (ok , may be bad weather drugs and  violence too). So might as well let people drink on trains, at school, hospital, etc. Brits love their drinking  - so much so that their government gives free medical treatment at A&E hospitals to drunks who smash each other up. Bring back drinking on the tube - it's what the people there want! in fact turn the whole country into a big pub and make this banker guy the prime minister.

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