What a total ****** ****ing tossing pr*ck

[SpeckledJim]

vinnie83 said:

I own a company - it's making a profit, keeping me well fed.

I also own another company. It's losing money, the wages each month alone cost £100k

Later that day...

vinnie83 said:

I don't currently employ people, but will in the very near future.

Things move pretty quick at the top, eh?

[slippery]

SpeckledJim said:

Things move pretty quick at the top, eh?

Perhaps it Welshbeef's new login name!

[zebra]

02verco said:

With regards to this company and MD we are talking about luckily for me I do not and would not work for him! He has no tact! I just know how much my friend has been pushed over and around, but he stays there because he keeps getting promised pay etc but never materialises. I work very hard and put my all in for my company and boss knowing that one day I will be paid the same respect in turn, just some people are not as lucky and just wish my friend would grow a pair and leave, the reason I know so much about the company is I know his ex wife, the accountant and he is a competitor so you have to know the ins and outs!!!

Lame excuse. You sound even more suspect by tittle tattling behind his back with his ex-wife and she is totally unprofessional discussing a client's financial state with one of his competitors.

[slippery]

OP just sounds like a nasty piece of work.

[vinnie83]

SpeckledJim said:

vinnie83 said:

I own a company - it's making a profit, keeping me well fed.

I also own another company. It's losing money, the wages each month alone cost £100k

Later that day...

vinnie83 said:

I don't currently employ people, but will in the very near future.

Things move pretty quick at the top, eh?

Erm, if you read my posts, it states clearly that the "I own a company, £100k" etc was a fabricated example to illustrate a point.

I have never suggested I currently employ people, nor that I pay wages.

ETA - not to mention the fact that I have discussed my occupation and career plans to return to university openly on this forum in the past.

If you want to try to pick holes in someones 'blag', do make sure to read the post to make sure they're actually making the claims you suggest!

Edited by vinnie83 on Wednesday 24th July 00:18

[johnnyboy101]

SpeckledJim said:

vinnie83 said:

I own a company - it's making a profit, keeping me well fed.

I also own another company. It's losing money, the wages each month alone cost £100k

Later that day...

vinnie83 said:

I don't currently employ people, but will in the very near future.

Things move pretty quick at the top, eh?

Why are you so desperate to prove him wrong, worry about yourself FFS!

[Greengecko]

Bohemianesque said:

As a reverse story: about 15 years ago when I was in corporate life, our Group Sales and Marketing Director used to drive into work in a Rover 25. I worked for him and know he had a 355, 911 and others in his garage. Even though the company was doing well, his view was exactly that: he felt lucky and didn't want to rub people's noses in it. He was a fine chap - and mates with Ron Dennis to boot.

A couple of months ago, I met him for coffee in Mayfair. He still as the 355. 911 and has added a Maserati, Range Rover and A8 to the fleet. What did he drive into town to meet me? His old Rover 25!!!!

I know of a family friend exactly the same, has a garage and property portfolio to die for - yet drives around in a D reg Volvo that's almost falling to pieces, simply because he doesn't like to draw any attention.

[greggy50]

JM said:

Ignoring the bit about putting a picture up in reception;

Was he paying for the boat on finance, or had he saved up for it, or did he use the 'bonus' pot to buy it?

How much would the bonus pot be?
How much should the bonus be?


(It's similar in a way to when people complain about the amount of profit some big businesses make.
(Tesco, utilities etc) The actual amount of profit per customer is relatively small, and if for example only half of that profit was made the difference to an individuals bill would be pretty insignificant.)

Was 5 years ago so I was still at school at the time just heard it from staff who work here!

With regards to how much my Dad works here at tends to get about 5k - £7k I just found it bizarre he didn't pay a bonus and then purchased a boat. Company employed circa 150 staff at the time so bonus pot itself would have cost similar to the boat...

I had no problem him purchasing the boat it's his money, I just think sticking a photo on the wall when nobody had been paid a bonus is a bit silly!

The same applies to sacking a load of staff and turning up in a new car as people have mentioned just show a bit of common courtesy. Fair enough if you can afford it don't let others stop you buying it but when you run your own company still need to treat staff with respect especially in the cases of letting people go.

[Pistom]

I don't get what this thread is about. Is it that some Director has decided to piss some money on his car collection whilst staff go short?

If so, it can't have gone on for so many pages with any level of reasonable argument surely.

[spitsfire]

Pistom said:

I don't get what this thread is about. Is it that some Director has decided to piss some money on his car collection whilst staff go short?

If so, it can't have gone on for so many pages with any level of reasonable argument surely.

You'd be amazed. I am amazed. I didn't realise that sociopathic behaviour could be considered an admirable quality, but each to their own.....

[mercfunder]

02verco said:

With regards to this company and MD we are talking about luckily for me I do not and would not work for him! He has no tact! I just know how much my friend has been pushed over and around, but he stays there because he keeps getting promised pay etc but never materialises. I work very hard and put my all in for my company and boss knowing that one day I will be paid the same respect in turn, just some people are not as lucky and just wish my friend would grow a pair and leave, the reason I know so much about the company is I know his ex wife, the accountant and he is a competitor so you have to know the ins and outs!!!

The smell of bullst is strong with this one.

[zebra]

I think many of us are appalled at the behaviour of the OP.

If someone flaunts a new car at redundant employees, then yes that is poor form. However, we are hearing third hand that this is the case and we do not know whether he paid for it outright.

The OP was laughing at the fact the chaps marriage has fallen apart and the fact that he is unable to now sleep at the family home because of this.

The OP was using this chaps ex-wife to garner both gossip and inside information on the financial state of a competitor.

Much of the OP's language in this thread appear to target this chap who he appears to have an unhealthy personal dislike of, possibly because he is in a competing business.

We have one side of a story that is not even coming from one of the parties involved, namely the OP's mate or his boss yet the OP expects everyone to side with him against someone on his say so. Without knowledge of the true circumstances many of us on this thread have said could there be mitigating circumstances.

The OP's attitude is pretty poor and yet he wants to aspire to be management.

And for the record OP, it is 'which' not 'witch', WHICH seems to be a common mistake for you in most of your threads.

[SpeckledJim]

vinnie83 said:

SpeckledJim said:

vinnie83 said:

I own a company - it's making a profit, keeping me well fed.

I also own another company. It's losing money, the wages each month alone cost £100k

Later that day...

vinnie83 said:

I don't currently employ people, but will in the very near future.

Things move pretty quick at the top, eh?

Erm, if you read my posts, it states clearly that the "I own a company, £100k" etc was a fabricated example to illustrate a point.

I have never suggested I currently employ people, nor that I pay wages.

ETA - not to mention the fact that I have discussed my occupation and career plans to return to university openly on this forum in the past.

If you want to try to pick holes in someones 'blag', do make sure to read the post to make sure they're actually making the claims you suggest!

Edited by vinnie83 on Wednesday 24th July 00:18

The whole of your first quote:

vinnie83 said:

I just want to pose a question to those that seem to object to company directors taking big money, and closing a business:

I own a company - it's making a profit, keeping me well fed.

I also own another company. It's losing money, the wages each month alone cost £100k, the company has £150k left in the bank, and no money is coming in.

I started this business myself years ago, with my own money, purchased equipment, recruited staff, worked my ass off to get it up and running.

I close business B, pay wages = £100k, and take the £50k left, buy myself a car. After all, business A is still doing well, and I've got money in the bank.

Am I in the wrong?

I sure as hell aint putting money from business A into a failing business B.

It's my money, I started the business with my money and efforts, and if there's any 'change' left in the account after I close, it's MY money!

I do agree that I would have been a little more tactful - I would have taken the Bentley that day. But at worst, it's inconsiderate.

Which bit did I miss?

[anonymous-user]

SpeckledJim - I THINK his post was about 2 fictitious companies to make his point. The trouble is that it was not that clear that it was fictitious so it could be read as factual.

If you see what I mean.

[Ari]

mercfunder said:

02verco said:

With regards to this company and MD we are talking about luckily for me I do not and would not work for him! He has no tact! I just know how much my friend has been pushed over and around, but he stays there because he keeps getting promised pay etc but never materialises. I work very hard and put my all in for my company and boss knowing that one day I will be paid the same respect in turn, just some people are not as lucky and just wish my friend would grow a pair and leave, the reason I know so much about the company is I know his ex wife, the accountant and he is a competitor so you have to know the ins and outs!!!

The smell of bullst is strong with this one.

Isn't it though?

OP, you need to stop blindly believing everything you hear.

[Ari]

SpeckledJim said:

Which bit did I miss?

It seemed pretty clear to me that he was just trying to use an example to make a point.

[GSP]

I once worked for a construction management company that rode on the recession bandwagon and gave everyone a 12.5% pay cut. Yet out in the car park in the weeks following were two brand new M3 company cars and a new Q7.

My director to his credit swapped his 5 series for a Prius.

[Face for Radio]

blueg33 said:

I just did 48 hours straight closing a deal, the key members of my team were with me the whole way supporting etc.

Their pay is average for their roles, their contract does not require them to give heart and soul (haven't figured out how to word that to be legally enforceable), but they gave nevertheless. That is the attitude that makes a good employee, that is the attitude that will earn them a bonus, that is the attitude that makes them most likely to keep their jobs when times are tough, they are valued people.

Doing the bare minimum and calling the boss any perjorative term means that they won't be valued.

Hypothetical situation for you. What if (as actually happened to me and others in a previous company I worked for) you are promised a bonus upon completion of a project that achieves a minimum of Y% margin, to motivate us. When project achieves Y% x 1.5, everyone is happy with themselves for a job well done. Does the bonus appear? No, just a list of excuses.

Would you feel motivated to do the same again in future?

Finding a good boss seems to be a rare thing. All credit to you for taking care of your employees when they work hard for you.

[blueg33]

Face for Radio said:

Hypothetical situation for you. What if (as actually happened to me and others in a previous company I worked for) you are promised a bonus upon completion of a project that achieves a minimum of Y% margin, to motivate us. When project achieves Y% x 1.5, everyone is happy with themselves for a job well done. Does the bonus appear? No, just a list of excuses.

Would you feel motivated to do the same again in future?

Finding a good boss seems to be a rare thing. All credit to you for taking care of your employees when they work hard for you.

Never promise a bonus based on any one job. Bonus for us is annual and at Director's discretion, we use it to reward people who have done well. They always get a meeting in person or a call to let them know what factors came into play when the bonus decision was made. Occasionally there are wide issues out of our control (eg change to CCG's from PCTs announced when this Gov came in cost us £80m of contracts), bonus was smaller but we still found a way to reward people.

It is very important that we pay something and acknowledge an individual's performance as well as group performance. The thing is, if you are straight and honest with your employees they understand when times rae tough. We had to make 50% of the team redundant after we lost the £80m 4 years ago, but every single one of the remainder are still with us and some years bonus has been good, some time negligable.

We are far from perfect as an Exec Board, but we do try.

[Mr Whippy]

blueg33 said:

crofty1984 said:

Mr Whippy said:

And this is the joy of being PAYE somewhere.

No matter how much you think the business cares about you, they don't really. Do what you need to stay employed and nothing more since you simply don't get the reward for putting your heart and soul into it. Unless that is in your contract of course, and remunerated appropriately.

Dave

I'm glad I don't employ you.

I was thinking the same as you. He wouldn't last 5 minutes in my organisation. As a general rule, you reap what you sow

I was being ironic wrt the post above.

We need a whoosh parrot smily.


Note that I also posted about contracts and remuneration. It was also a little devils advocate as this thread is swinging one way then the other depending on who is posting, employers or employees.

There are many people who clearly work for businesses exampled in this thread that don't give two hoots about retaining good employees and so I expect the above sentiment is evident in those who work there not through bitterness but simply because that is their life ethic.


Flip it around there are clearly very good businesses, but even they can dump on you after years of pouring your heart and soul into things. It's always a risk as PAYE if you invest too much back.

Rightly or wrongly if you are PAYE and on a contract, make sure your contract will remunerate heart and soul investment!

If it won't then offering it can be risky and I guess that is why many on here see the actions of the OP's boss as not very nice.



It's nice to be trusting but do you think that it should always play the employers way? It has to work both ways.

Negative sentiment can represent itself from either side.

In my view the employer has a responsibility to not be a chump just as much as the employees have a responsibility to work to keep their job and business they work for in good order.


So it's hard to defend against the attitude that the employer can do what they want, without using what I said above in response to that

Dave

Edited by Mr Whippy on Wednesday 24th July 11:24