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The quote about a "100% success rate" is meaningless. It comes from here: According to our whistleblowing source, who has been asked to give evidence to the ne
by sievebrain 10y ago
The quote about a "100% success rate" is meaningless. It comes from here:
According to our whistleblowing source, who has been asked to give evidence to the new Parliamentary Committee on Banking Standards, set up in the wake of the Libor scandal in June, banks tend to take a very dim view of employees who break ranks.
"No risk manager wants to admit that he didn't do his job. So an unholy alliance of mutual self-interest kicks in," the source, who asked to remain anonymous, said. "So they'll do anything to bad-mouth a whistleblower as an underperformer. They have a 100% success record."
This is literally a figure of speech from a single guy who considers himself to have been "bad-mouthed as an underperformer", yet in the Independent article it became:
Powerful financial firms will destroy the lives and reputations of whistleblowers. Newsnight found they have a 100 per cent success rate
... which not only mis-attributes the quote but makes it sound like an actual statistic related to "destroying lives".
This is the worst piece of journalism I've seen for a while.
- hartpuff 10y agoI wasn't addressing the veracity or otherwise of the "100% success rate" claim, I was using a different quote from the article that was linked, stating the UK's financial regulator told a whistleblower to not contact them again. Here's another quote from it: Newsnight can reveal that not a single UK- based bank has ever been punished for firing a whistleblower within its ranks - even though these individuals are protected in law Debating whether the UK is the worst or not, or whether financial firms have a 100% or perhaps merely just a 86.4% success rate at destroying honest people's lives and/or careers is a distraction. The issue is that the UK has serious corruption and (organized) crime problems, seemingly tolerated (at best) at some of the highest levels in the UK. However hyperbolic you may find the journalism to be, it's a lot more instructive and interesting than yet another bullshit list designed to show just how jolly honest and law abiding we are, compared to the developing world.
- easytiger 10y ago> The issue is that the UK has serious corruption and (organized) crime problems, seemingly tolerated (at best) at some of the the highest levels in the UK. And yet you proffer no evidence.