Directors' pay up 50% in a YEAR

[hornetrider]

What no thread?

http://www.bbc.co.uk/news/business-15487866



I'm merely the director of one company and my pay hasn't gone up at all. What am I doing wrong, multiple-directorship fellow PHers? I want to further increase the distance between myself and the hoi polloi and lavish myself with extra cash from the company coffers.

[Randy Winkman]

hornetrider said:

What no thread?

There's a thread with a title that doesn't really tell you what it's about. Since this is PH though, it's not that busy there.

[Shaw Tarse]

You exaggerate http://www.pistonheads.com/gassing/topic.asp?h=0&a... it's only 49%

[don4l]

There is already a thread running, but it is so badly titled that it is difficult to find.


Mods, lock the other thread, please.


I look forward to the lefties getting agitated.


Don
--

[dandarez]

Read it again, it's pay for directors of the top 100 FTSE companies.
Average pay is a little above mine.

£2.7 million!

[Randy Winkman]

Some bod on the radio was defending it by saying "it's the same everywhere". So we're being screwed the world over ... great.

[dandarez]

don4l said:

There is already a thread running, but it is so badly titled that it is difficult to find.


Mods, lock the other thread, please.


I look forward to the lefties getting agitated.


Don
--

I thought PHs was dominated by (I'm) 'all righties'?

[Welshbeef]

I believe someone in Reckitt Benkiser did very well and that comp is the adarling of the markets doing everything right.

Range extenders
Bringing back great brands to the market
Smart innovation
Constant flow of New product development.

Im a fan but have zero affiliation

[don4l]

dandarez said:

I thought PHs was dominated by (I'm) 'all righties'?

True. Most PH'ers are not afraid of a hard day's honest work. Therefore, they are probably/deservedly "all rightie".

Don
--

[Welshbeef]

anonymous said:

[redacted]

The CEO has the vision and drive for the change.
His/her team below try to make that vision a reality.
CEO can only succeed (as in make the company do well) if the right team is in place.

[bobbylondonuk]

Top boardroom pay avg of 2.7m for a FTSE 100 company?? What is the big story here?

Managing billions in different markets and handling 10's of thousands of employees worldwide is not a joke. I guess is sells papers and politicians get some free PR.

[TTwiggy]

anonymous said:

[redacted]

I suppose it could be argued that a football team is actually a perfect exmaple of 'the workers' sharing directly in the success.

If Liverpool followed the principal of many large corporations, Kenny Dalglish would be on £30m a year, while Steven Gerrard would pick up £13.75 per hour

[Welshbeef]

anonymous said:

[redacted]

Also there is the risk IF for whatever reason the company tanks then the CEO of that company will find it extremely hard to find another role in the future... ie he was commander and chief.

[Randy Winkman]

bobbylondonuk said:

Top boardroom pay avg of 2.7m for a FTSE 100 company?? What is the big story here?

Managing billions in different markets and handling 10's of thousands of employees worldwide is not a joke. I guess is sells papers and politicians get some free PR.

But are they doing 50% better than last year?

[Council Baby]

Welshbeef said:

I believe someone in Reckitt Benkiser did very well and that comp is the adarling of the markets doing everything right.

Range extenders
Bringing back great brands to the market
Smart innovation
Constant flow of New product development.

Im a fan but have zero affiliation

I'm guessing they refer to Rakesh Kapoor, the new CEO, who is a bargain compared to Bart Becht who took home double the previous year.

Nothing wrong with the people at the top of the tree in big business getting paid big bucks.

[maix27]

bobbylondonuk said:

Top boardroom pay avg of 2.7m for a FTSE 100 company?? What is the big story here?

Managing billions in different markets and handling 10's of thousands of employees worldwide is not a joke. I guess is sells papers and politicians get some free PR.

I think you're missing the point. It's people getting paid more while their company does worse.

I'd love all jobs to work like that but they don't. That's the point.

Also, how many extra employees could have been retained (if redundancies have been made) for that 49% rise in salary for someone who clearly isn't running the company well (based purely on the fact that they've had to make redundancies and therefore they've either run the company badly or have lacked the foresight I associate with a 2.7m pay packet).

[tomw2000]

If an individual in the private sector, has managed to negociate him/herself a deal whereby he/she earns £2.7mil - good on them and it's nothing to do with me.

IF Civil servants, public sector employees are earning big bucks. I wanna know what they're doing.

Funny the BBC is reporting this in this way.

[CzechItOut]

maix27 said:

Also, how many extra employees could have been retained (if redundancies have been made) for that 49% rise in salary for someone who clearly isn't running the company well (based purely on the fact that they've had to make redundancies and therefore they've either run the company badly or have lacked the foresight I associate with a 2.7m pay packet).

64

[TTwiggy]

anonymous said:

[redacted]

You're quite abrasive, aren't you?

It was a tongue in cheek comment, hence the smiley. For the record, I don't think your comparison bears any scrutiny. A football team is nothing like a FTSE company. The players are not 'directors', the manager is not a 'CEO', the bloke on the turnstile is not the 'factory floor' worker. It's enterntainmemt, and poeple are paid relative to their marketable value - you may as well bring the 'salaries' of Hollywood stars into this.

[ninja-lewis]

anonymous said:

[redacted]

About two-thirds of earnings in the FTSE 100 are from overseas.

You have about a dozen or so major mining/oil & gas/commodities firms that effectively have no presence in the UK beyond their listing. Quite a few Russian firms joining in the LSE in particular.

Then UK businesses like Diageo, Vodafone and HSBC who do most of their business overseas.

There aren't that many firms like J Sainsburys, where most of their business is in the UK, left in the FTSE100

You just have to look at the recent rubbish about FTSE100 companies operating in tax havens. Only 2 didn't have any presence in a tax haven: one was a Mexican mining firm and the other was a UK firm that only operates in the UK. The other 98 all had some international presence in multiple countries.