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Should bankers be punished for their private lives?
9 Jun 2008
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….

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Related Links:
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Reader Comments
Date: 09 Jun 2008
Name/Email: Freddie ()
Company:
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...

Date: 09 Jun 2008
Name/Email: Geoff ()
Company:
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?!

Date: 09 Jun 2008
Name/Email: The Oracle ()
Company:
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.

Date: 09 Jun 2008
Name/Email: Anon ()
Company:
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

Date: 09 Jun 2008
Name/Email: eddie ()
Company:
The little jackass should have been fired, if he wasn't. People shouldn't be drinking on public transport anyway.

Date: 10 Jun 2008
Name/Email: anon ()
Company:
People have also failed to mention that he did organise an illegal demonstration...

Date: 10 Jun 2008
Name/Email: Gforce ()
Company:
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.

Date: 10 Jun 2008
Name/Email: Grumpy Old Man ()
Company:
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..............................

Date: 11 Jun 2008
Name/Email: milensu ()
Company:
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.

Date: 11 Jun 2008
Name/Email: Let em have it ()
Company:
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.

Date: 11 Jun 2008
Name/Email: grow up ()
Company:
The guy broke the law. In doing so, had his protest been aganist global poverty chinese in tibet etc, then maybe cut him a break....but a protest aganist a sensible law is stupid as well as illegal!

Date: 11 Jun 2008
Name/Email: gemmy ()
Company:
tell him off- but sacking him would be over kill if this is the first so called bad thing he's done

Date: 11 Jun 2008
Name/Email: Todd ()
Company:
He would be just another drunkard sitting at his desk on a Monday morning. And you thought bankers aged faster because they work hard ... Anyway, he might have been inspired by some readings on Brownian motion, diffusion and the drunkard's walk. I would never sack him because I would have never hired him.

Date: 12 Jun 2008
Name/Email: Paul ()
Company:
What a stupid and gutless person Mr Graham is...........The reason he fled was because he feared for his well being and not his job. What kind of person organises such an event knowing it would attract mindless thugs out to cause trouble with 4-5 Underground staff injured. He should be dragged back to the UK and charged with public order offences

Date: 13 Jun 2008
Name/Email: SF1966 ()
Company:
It depends on the executive’s level. The higher you are in, the most you represent the company.

Date: 13 Jun 2008
Name/Email: Pondhopper ()
Company:
I always marvel at what the comments on eFC-UK reveal about English character. In this case, what's interesting isn't that just about everyone thinks he should be fired - in America too his firing would be a fait accompli that no one would complain about. But there would be no moralizing about it: on Wall Street it's simply assumed that any banker or support staffer whose name gets in any newspaper for any reason that wasn't pre-approved by their management, will be summarily fired (and deserves to be). It's interesting, and a little funny, to see that's not enough for the English - you've got to throw in all this pompously high-minded public-order/public-nuisance business to justify his firing. (And here I thought Calvinism was more an American than a British thing.) About 10 years ago some people in my office became obsessed with an online "purity test." Questions like, would you sleep with someone you disliked intensely, just to spite them? Also several questions about personal drinking habits. Totally pedestrian stuff. Well, for some reason I never understood, the British people who worked there were utterly and perversely fascinated by this test. Go figure.

Date: 13 Jun 2008
Name/Email: Leap-frog ()
Company:
Interesting comments, Pondhopper. I do not actually disagree, yet I question whether yours is the best platform to take the high grounds from. After all, the US is the place where it took months to impeach a president who blatantly lied under oath, and which re-elected the one that got them at war under false pretences. Your politicians get caught out in scandals on a regular basis, yet only leave their seat when fired. Few resign. 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.

Date: 16 Jun 2008
Name/Email: John ()
Company:
As long as it's kept private! I've met so many guys in finance, especially in Thailand, Singapore and Tokyo who are seriously, repeat, seriously, misbehaving! Enough to make a tabloid editor blush!!! But they present themselves for work as the fine professionals they are.

Date: 16 Jun 2008
Name/Email: Peter ()
Company:
You finance guys know the best places to go for 'overtime', as you tell your wives! Anyone can go and drink. But the real fun is to had horizontally... I'm totally jealous. No moralising from me.

Date: 19 Jun 2008
Name/Email: lawyertype ()
Company:
Poundhopper....! How deleriously, sweetly apt that in the current economic climate mainly caused by greedy banking types that you should think the law is pompous and high minded!!.....?

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