Pigs at the trough 2016

[crankedup]

sidicks said:

Fittster said:

If bosses are plundering their firms there's less for shareholders, many of which are pension funds.

So the best people to decide whether the remuneration is appropriate are the owners of the business I.e. the pension funds and their appointed representatives (asset managers)?

As Shareholders they have a vote and use it accordingly...

You hit upon one of the principle reasons of the problem, those businesses running pension funds do not give a flying fig about the pay board recommendations. Therefore simply nod and grunt.

[crankedup]

MarshPhantom said:

ellroy said:

Lefty poster in envy post shocker.

Reported recently that excess pay for bosses has a negative effect on staff motivation and performance.

www.telegraph.co.uk/finance/jobs/12056337/Pay-gap-...

It's not just the employees of Companies that get demotivated, this pig troughing every year continues to undermine Social wellbeing.
During my working life the average CEO pay was 247x the median, Mr dettol said pay is now 1000x median.

EFA average CEO pay is 1000x median approximately, not my key board slip of 10000x. Surprised scrutiny didn't pick me up on that!

Edited by crankedup on Friday 6th May 10:16

[TR4man]

smifffymoto said:

I used to think,well good for them earning that amount of money.Now I think it's discusting,why does anybody need to take that amount,half or a third would still be plenty.CEOs don't earn peanuts day to day so why pay obscene amounts in bonus etc.
Just because you can doesn't mean you should.

Why do you earn what you do?

You don't need it all - you could manage on half that if you weren't so wasteful and greedy.

Just because you can smiffymoto doesn't mean you should.

[sidicks]

Fittster said:

You don't think that the fund managers have a vested interested in high executive compensation? "Oh look how much the board of Widget PLC get, clearly as an important players in the financial services industry we should have a similar level of benefits".

Next you'll be telling me you have to pay for top talent.

They certainly have a vested interests in investing in the highest performing companies which suggests that they have due regard to CEO but are not obsessed with it in isolation and make informed judgements.

Unlike those who are obsessed by it based on prejudice and envy.

[sidicks]

crankedup said:

You hit upon one of the principle reasons of the problem, those businesses running pension funds do not give a flying fig about the pay board recommendations. Therefore simply nod and grunt.

Once again you couldn't be more wrong, but then having no understanding of the impact and interaction of pension funds on company boards etc, I'm not sure why I'd expect any different.

[powerstroke]

crankedup said:

MarshPhantom said:

ellroy said:

Lefty poster in envy post shocker.

Reported recently that excess pay for bosses has a negative effect on staff motivation and performance.

www.telegraph.co.uk/finance/jobs/12056337/Pay-gap-...

It's not just the employees of Companies that get demotivated, this pig troughing every year continues to undermine Social wellbeing.
During my working life the average CEO pay was 247x the median, Mr dettol said pay is now 10000x median.

I'm proudly right wing I do however think everybody should benefit from hard work in building up a successful business
sadly while there is a vast amount of cheap labour available the pay gap will widen ....

[Smollet]

So what. The politics of envy are strong with this OP.

[smifffymoto]

TR4man said:

smifffymoto said:

I used to think,well good for them earning that amount of money.Now I think it's discusting,why does anybody need to take that amount,half or a third would still be plenty.CEOs don't earn peanuts day to day so why pay obscene amounts in bonus etc.
Just because you can doesn't mean you should.

Why do you earn what you do?

You don't need it all - you could manage on half that if you weren't so wasteful and greedy.

Just because you can smiffymoto doesn't mean you should.

Don't be a dick. You know damn well there is a world of difference supporting a family on a "normal" wage than there is on a salary of millions plus millions in bonus and options.

[sidicks]

smifffymoto said:

Don't be a dick. You know damn well there is a world of difference supporting a family on a "normal" wage than there is on a salary of millions plus millions in bonus and options.

There's a world of difference in the job requirements too.

HTH

[eharding]

Smollet said:

So what. The politics of envy are strong with this OP.

Oh, cut him some slack. Crankie is a long-time dyed-in-the-vegetarian-wool Lib Dem.

Which, given quite how utterly obliterated the Dims have been, is a pretty thankless thing.

Hurling futile little packets of spite about on PH is pretty much his only remaining joy in life.

Sad, really.

[Rovinghawk]

crankedup said:

this pig troughing every year continues to undermine Social wellbeing.

Please define what this actually means in terms that can actually be measured.

Then please provide evidence to support your claims.

[Murph7355]

smifffymoto said:

Don't be a dick. You know damn well there is a world of difference supporting a family on a "normal" wage than there is on a salary of millions plus millions in bonus and options.

Who decides where the line is drawn?

Where would you draw it?

Where do you think someone earning half (a quarter, a tenth) your salary would draw it?

[smifffymoto]

TBH I'm surprised some think it is ok for some body to earn millions upon millions while the majority struggle to keep their heads above water.Visit the health forum to see the threads on mental illness and depression,mostly caused by work and stress.

Anyway it is going to be about 30 degrees today so I will potter on the veg plot today and not get stressed about the injustice of modern society.

[sidicks]

smifffymoto said:

TBH I'm surprised some think it is ok for some body to earn millions upon millions while the majority struggle to keep their heads above water.

They don't. HTH

smiffymoto said:

Visit the health forum to see the threads on mental illness and depression, mostly caused by work and stress.

And?

smiffymoto said:

Anyway it is going to be about 30 degrees today so I will potter on the veg plot today and not get stressed about the injustice of modern society.

Large salary for CEO equals large tax receipts for UK gov to fund welfare.

[zarjaz1991]

0000 said:

And if the shareholders don't object then is it really anyone else's business?

Generally no. Except for when, at the same as paying the CEO more and more money, they also claim to be skint and start making redundancies. Then it does become a concern.

[FredClogs]

sidicks said:

Large salary for CEO equals large tax receipts for UK gov to fund welfare.

Errr... You do realise that tax would be due on that money if it were shared amongst the workforce and the government wouldn't need to subsidise the salaries of the workers via tax credits and universal benefits so widely.

What happens over the last 15 years is a new theology in politics, from America, its called corporatism, led by the Bildbergers and the like, one day all this will be theirs...

[sidicks]

FredClogs said:

Errr... You do realise that tax would be due on that money if it were shared amongst the workforce and the government wouldn't need to subsidise the salaries of the workers via tax credits and universal benefits so widely.

If these people are on tax credits then they'd be paying zero or basic rate tax, not 45% tax, so no, the same amount of tax wouldn't be collected.

You do realise that if the government didn't tax the lowest paid workers they wouldn't need to give them money back in tax credits...

[NRS]

powerstroke said:

crankedup said:

MarshPhantom said:

ellroy said:

Lefty poster in envy post shocker.

Reported recently that excess pay for bosses has a negative effect on staff motivation and performance.

www.telegraph.co.uk/finance/jobs/12056337/Pay-gap-...

It's not just the employees of Companies that get demotivated, this pig troughing every year continues to undermine Social wellbeing.
During my working life the average CEO pay was 247x the median, Mr dettol said pay is now 10000x median.

I'm proudly right wing I do however think everybody should benefit from hard work in building up a successful business
sadly while there is a vast amount of cheap labour available the pay gap will widen ....

I would have to agree. I'm very very happy for the best to be paid a decent wage for the effort they put in, but at some point it just gets silly relative to "normal" workers. I work for a big company that has done pretty well in it's industry but because of the system in Norway it pays a lot less for high up positions than elsewhere. It doesn't mean the company does very badly - it's at least equal to competitors overall if not better, and yet surely if CEO pay is linked to performance it should be doing terrible? A lot comes down to "normal" workers doing a good job, and a CEO can influence that but the "normal" workers should also be a part of the reward when a company does well, not just one or two people at the top.

For those saying it's envy then no, I earn a good wage but am happy to live in Norway where it means shop workers/ cleaners etc get a better wage. I pay a bit more as a result, but that is ok to have a system where you look after people but also can afford it (not stupid socialism that is built on massive debt).

[NailedOn]

Why be a CEO when you can be a PM?
http://gonetworth.com/tony-blair-net-worth/
Blair is now worth £60m. Trust funds. Deals with dictators. The works. Typical leftie hypocrite.

[oyster]

BlackLabel said:

I see that Sir Martin Sorrell was paid over £70m for 2015 (one of the biggest pay cheques in British corporate history) which some people didn't like - not sure why given he's built his company up for over 30 years. If shareholders don't object then is it really anyone else's business?

https://www.theguardian.com/business/2016/apr/29/s...

Martin Sorrell brings this upon himself. If he'd kept his company private then no-one would care of his pay packet - after all no-one cares what Richard Branson earns.