Why Don’t We Do This?
While I have been following the siege in Sydney, I saw this BBC story: Fare-dodging banker banned from City
A London banker who regularly avoided buying a train ticket on his commute to the City has been banned from working in the financial services industry.
BlackRock director Jonathan Paul Burrows was caught by inspectors at Cannon Street station last year and admitted to avoiding the £21.50 fare from Stonegate in East Sussex.
In total, Mr Burrows is believed to have dodged £42,550 in fares.
In Britain “the City” refers to the financial district in London, just as Wall Street is shorthand for the financial district in New York.
The financial services watchdog banned him for failing to meet the standards of professionals in the industry. The offense had nothing to do with what he did in the industry, but people who dodge fares aren’t up to the ethical standards expected.
We know members of the financial industry in the US who caused global chaos, but still have high paying jobs, and have not been penalized at all. Why don’t we expect ethical standards from the financial industry?
