Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
The Directors of British largest companies enjoyed a 49% pay rise while Joe Public failed to keep up with inflation.
It is time to shake up the system.
Elite pay packets are set Remcos
Remcos is a panel of Elite Financial advisors and accountants ie.the greedy feeding the greedy.
It is clearly a broken ( Bent ) system that is unsustainable.
Income disparity is now a serious Social problem.
Austerity for the overpaid is clearly a comfortable life.
Is this the way to run a Dance Hall?
Is this the way to run a Dance Hall?
The best Dance Hall is the "Trust" Port of Dover.....IMO......
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
LOL - in Reg's perfect world the government would dictate everything, what people earn, what they think and what they do. We would all be serfs. We would also be bankrupt.
Put your personal prejudices away Reg and look at the real problems we have such as how to get some real growth in the economy and how to stop governments from driving us into continued economic crises through their insane spending and borrowing drug habit.
Jan Higgins
- Location: Dover
- Registered: 5 Jul 2010
- Posts: 13,835
The top wage earners get richer
Average wage earner stagnates
The low paid have even less to spend
Not a fair world is it.
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I try to be neutral and polite but it is hard and getting even more difficult at times.
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Guest 640- Registered: 21 Apr 2007
- Posts: 7,819
There have been several reports highlighting this now...its almost embarassingly bad for those high earners. Sir Martin Sorrell was on the radio this morning talking about his company WPP but they ambushed him about his earnings...gone up 17% this year even though his advertising business had nothing like that in terms of growth. Advertising is stagnating, but the boss still gets his hefty whack.
Although the politricians say something should be done, even Mr Cameron himself has muttered grumblings about this, once again he seems powerless to act.
We always get that old chestnut thrown back at us..we cant touch 'em as they will move to New York or Geneva or Abu Dhabi or gawdknowswhere. Dont you beleive it..
Guest 671- Registered: 4 May 2008
- Posts: 2,095
The full impact on the VCS of cutbacks is still to come according to the National Council for Voluntary Organisations (NCVO) which estimates that voluntary and community groups will face a reduction in public funding of over £900 million by 2016, losing a total of £2.8 billion in that period.
Are we all in this "Big Society" together?
"My New Year's Resolution, is to try and emulate Marek's level of chilled out, thoughtfulness and humour towards other forumites and not lose my decorum"
Guest 705- Registered: 23 Sep 2010
- Posts: 661
Call their bluff Paul-if they're gonna be that arrogant-let 'em go-and good riddance.
Never give up...
Guest 705- Registered: 23 Sep 2010
- Posts: 661
Yes we are Gary the fact we're in it together is the big bonus-but we can come through it-we musn't let the arrogance of the irresponsible get us down!
Never give up...
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
People really should stop worrying about what others are paid and start worrying more about more relevant things.
It does not matter to me or anyone here what a Chief Exec of such and such is paid, or to anyone else, unless you are a share-holder in that company and if so you need to decide if they are worth it.
It is only greed and envy.
As for fairness, since when was the world 'fair' it never was and never will be. Besides define 'fair' what one person considers fair will not be fair to another. Is it fair that I work more hours than I care to, take risks running my own business, get taxed £16k next year, while someone down the road from me does not work, never has worked, is unemployable and freeloads on the State and receives what I pay in taxes and more besides.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
we read about the elite awarding themselves pay rises and bonuses without actually being successful then we read gary's post about cuts to voluntary organisations.
hardly suprising that there are people parked outside st paul's cathedral in tents.
Guest 683- Registered: 11 Feb 2009
- Posts: 1,052
Barry
you say that "It is only greed and envy." Actually, I think it is disbelief. Disbelief that an economic system which brought several major world economies to their knees just gets up, dusts itself down and gets back on doing what it was doing. They can now do this as they know that when they mess up again (and they will) they will be bailed out.
Thorben Albrecht writes in Social Europe Journal:
"The question is, whether financial markets rule over our economies and societies - or whether economies serve our societies and use financial markets as an effective instrument to fulfil this task".
I think we all know the answer to the question. The balance is out of kilter and no government seems willing to tackle to root cause - big bonuses are a symptom of a rotten system.
Guest 671- Registered: 4 May 2008
- Posts: 2,095
You, really should stop worrying about people down the road from you that does not work, never has worked, is unemployable and freeloads on the State and receives much less than what you pay in taxes and more besides.
It does not matter to you or anyone here what the un-employed is paid, or to anyone else, unless you are in the same boat and know what you are talking about.
It is only greed and envy.
"My New Year's Resolution, is to try and emulate Marek's level of chilled out, thoughtfulness and humour towards other forumites and not lose my decorum"
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
I have said it before Mark - governments are THE problem. The difficulties we have with excessive and wasteful public spending that is placing an intolerable burden on businesses, particularly small businesses is a creation of government. The European crisis, likewise and also in the USA though they have the added dimension of the Clinton reforms and the toxic debt...oooohhhh that's because of government interference too...
It suits people like you to find a scapegoat in the bankers, personally I prefer to blame the bankers for the many things they do get wrong, rather than what many politicians want people to think they did wrong.
We would all be far better off if governments sat back and did nothing at all. In fact if we could just wipe out all the new rules, regulations, tax changes and 'above inflation spending' made by the UK governments over the last 16 or so years (yes lets go back to Major's time...) then we would not be in nearly so much doo doo now.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Gary - not at all - the useless so and so is being paid for by my hard work and taxes, I would prefer that money to go towards more defence expenditure not uselessness layabouts. Dp get it right!!
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Oh Dear............another `pleasant`inaccurate failure of credibility.
The overpaid executive pay is set by overpaid executives.............is that reasonable,realistic?
The overpaid executives companies did not enjoy an increase in performance but pay packets still rose by 49%.......................is that reasonable,realistic?
One way to bring the necessary change might be to have a number of employee representatives on the pay boards
This will provoke howls of outrage from the infamous lobbyists and overpaid executives but this is exactly what German companies adopt.
German management is widely considered to be among the best in the world.
With regard to Shareholders control,they are invariably individuals,small groups etc and unless united have little power over settlement to their executives pay.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Why does it matter? Unless of course you are a shareholder in the business.
I run a business myself and the level of income I take is entirely up to me and nothing to do with you or anyone else. OK I am not a Chief Exec of a major public company earning £millions and have no shareholders but that makes no difference. It is the owners of the business, the shareholders who ultimately have an interest no-one else.
Guest 640- Registered: 21 Apr 2007
- Posts: 7,819
There is much grumbling about this today right across the political spectrum. Even staunch Conservatives are concerned about the widening gap between workers and those on the executive floor. The 'all in it together' notion is getting a good flogging, a good kicking, on the airwaves.
Mr Cameron said today "people should behave responsibly" but I guess thats the sum total of his involvement. What is responsibly?? how do we define it...what does it mean? so many different interpretations of the word responsibly. The top executives will always blind you with science in their justification. Guidelines are needed. Morality comes into play, or should do.
Guest 663- Registered: 20 Mar 2008
- Posts: 1,136
How true we at Megger have pay talks coming up next month, but it always seems that we are doing well all through the year, and its been a tough year then when it comes to the pay its are well things have gone the other way not so good.
There are no over paid workers no.... all in it together.... here thats for sure
Jan Higgins- Location: Dover
- Registered: 5 Jul 2010
- Posts: 13,835
Barry, it matters to those of us who are having to pay higher prices for items that are produced by the companies that these bosses run.
Their pay rises should be the same percentage as their workers, this has nothing to do with envy and all to do with greed on their part.
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I try to be neutral and polite but it is hard and getting even more difficult at times.
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Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Jan - You could cut all the Executive pay down to zero and it would not make a jot of differences to the prices you pay. Its peanuts on the scale of turnover of these companies. On the other hand if they get things wrong then thousands could get thrown out of work and/or you can end up paying more... You will find, if your compare products from different companies and then looked at director remuneration levels, there is no pattern linking higher paid directors to higher priced goods.