Re: your National Post, Friday, April 12th 2013 article,
      "RBC gives in for no reason"
 
 
It sounds like you are pulling "a Diane Finley".
 
 
It sounds like A RIGHT-WING, FASCIST article that she might
have written: her sub-text like this one seems to be - no matter
what - THE RICH are always in the right.
 
 
In fact, the title made me feel - just - A LITTLE QUEASY.
 
 
We ALL know THE BANKS are BAD GUYS to the point that
people who believe in ethics in investment avoid BANK STOCKS
like THE PLAGUE.
 
 
Having done about 90 temp jobs for 18 temp agencies (a "classic"
form of outsourcing) in the Gov't and high-tech sector for about 15
years, I sensed that BRIBES and KICKBACKS are the things that
MAKE the temp industry GO TICK-TOCK.
 
 
And THE SEX!
 
 
A woman whose temp contract comes up for renewal is EXPECTED
to agree to go for a 2 hour lunch (WINK! WINK!) even if she's married
with kids.
 
 
I remember hearing as a Senate of Canada Page how the banks
argued for charging high service fees claiming they had to BUILD
RESERVE FUNDS for their bad loan exposure in 3rd World countries
and of course, the Gov't capitulated.
 
 
While SQUEEZING their clients for MORE $$$, they're known to
MAKE BAD FINANCIAL DECISIONS like supporting Robert
Campeau's foray into the retail market in the States.
http://www.beardbooks.com/beardbooks/going_for_broke.html
 
 
Incidentally, MORE than 30% of American banks have GONE
UNDER since 2008 and the blood-letting HASN'T STOP YET:
the POOR AMERICANS.
 
 
In the NEXT 20 YEARS the banks, pension funds, and insurance
companies - around the world - are more than likely going to be
INVESTING AT A LOSS:  NOT A PRETTY PICTURE. $$$ is going
TO MELT as the economy starts to "cannibalize" itself.
 
 
Meanwhile, THE OBAMA ADMINISTRATION is TALKING about an
economic RECOVERY and THE MARKETS GO UP, but there is *NO*
JUSTIFICATION for that when you look at the monthly job numbers:
the States need to create 250,000 "reasonably decent jobs" so things
doN'T get worse: THAT HAS *NOT* BEEN HAPPENING since 2008.
 
 
In Canada, we are *NOT* doing any better: the Toronto stock market
is GETTING WEAKER and WEAKER going DOWN and DOWN when
EVERYONE is trying to push it up.
 
 
That's THE BACKDROP I would like you to consider before making
my comments about the "specifics" of this particular *STINKING*
story.
 
 
The Royal Bank of Canada was going to SACRIFICE THE LIVELIHOOD
of 45 Canadian families for - in my view - THE ALMIGHTY BUCK: for BRIBES,
KICKBACKS, and a justification for HIGHER PAY BONUSES for having "saved"
the shareholder money when in fact THE PAY BONUSES resulting from the
outsourcing is in fact DEFRAUDING THE SHAREHOLDER because THE REAL
INTENTION was, I suspect, NOT TO SAVE MONEY, but TO GET *HIGHER*
PAY BONUSES!
 
 
It seems to me iGate approached TOP MANAGEMENT offering BRIBES and
KICKBACKS (standard practice in the international business world) ALONG
WITH  justification for *HIGHER* pay-for-performance BONUSES claiming
they had successfully SAVED the shareholders A BUNDLE of $$$.
 
 
From what I can see which make THIS STORY SO REPUGNANT is that it's
ESSENTIALLY about SCAMMING THE SHAREHOLDERS of the Royal Bank
of Canada and SCREWING ROYALLY 45 Canadian FAMILIES in the process.
 
 
The Royal Bank of Canada comes across as a BUNCH OF CORPORATE
BUMS - which I always suspected they were.
 
 
The CBC is to be COMMENDED for running with this story.
 
 
And I always thought of the CBC as little more than a Gov't PROPAGANDA
ORGAN: NEEDLESS TO SAY I was PLEASANTLY SURPRISED.
 
 
CONGRATS to Mr. David Moreau for BEING *BRAVE* ENOUGH to bring
THIS STENCH to the attention of the Public.
 
 
Gord Nixon, the President and CEO of the Royal Bank of Canada, should
be FIRED!
 
 
PERIOD!
 
 
Best wishes,
 
 
 
 
Kenneth Selin (say'leen)
~~~
B.A.(Psychology), B.A.(Spanish), B.Admin.,
B.Comm.(Honours), B.A.(Italian) magna cum laude
~~~
É(eh)PC
President/Party Leader
~~~
Democratic Gov't
- by THE PEOPLE
- for THE PEOPLE
http://eh-ok.ca
~~~
c.c.: 400+ media people
        124 Google news groups
        13,000 MySpace friends, http://www.myspace.com/ken_selin
~~~
P.S.: with the É(eh)PC, PAY BONUSES in BOTH
        the private and public sector will be ILLEGAL
P.P.S.: NO OUTSOURCING will be allowed outside
            of Canada (only in Canada *PROVIDED* it
            results in NO job loss AND only IF employees
            are paid TOP WAGES and BENEFITS)