"While a few at the top get rewards that seem to have nothing to do with the risks they take or the effort they put in, many others are stuck on benefits, without hope or responsibility. So we will tackle excess in the City just as we're reforming welfare to make work pay and to support families."
PM Cameron's friend gets rewarded in New Year Honours List, as quoted from here:
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Paul Ruddock’s gong in the New Year Honours List was condemned by politicians and campaigners.
His hedge fund company Lansdowne Partners made around £100million by betting that Northern Rock’s share price would fall in 2007 and made millions more from moving shares in other troubled banks.
Ruddock, 52, who has donated more than £500,000 to the Tories since 2003, was knighted for services to the arts.