Persimmon Homes -- CEO £100m Bonus...

[Otispunkmeyer]

blueg33 said:

John145 said:

Rovinghawk said:

John145 said:

If you can’t afford to live on your salary a 50 hour a week job something isn’t right.

Please define 'afford to live'. I presume you include food & basic accomodation- do you include, drinking, smoking, internet connection, smartphones, Sky/Netflix, car, holidays, etc cetera?

Please clarify what you mean as it's very ambiguous.

Pay rent on a whole house and support 2 children. You may not like it but nowadays homework is done on a tablet not paper. So yes you need theee gadgets

Indeed. My daughter’s school bus is £1200 pa when both kids were at school it was double. That was to get them to the nearest 6th form.

£1200 quid? That's nearly £7 a day for the bus! Crazy.

I'm not that old (32 next year) but ours used to be flat rate 50p per ride. Or if you weren't too bothered about being suffocated in the crush to get on, you could get the normal public service for about 32p... With about 5 different services to choose from.

My school was probably only about 40 minute walk though. Still, the school bus went nearly all the way into town. So 50p became a billy bargain.

I can't wait to have children.... Lol. Nice knowing you wallet.

[John145]

Rovinghawk said:

John145 said:

Pay rent on a whole house and support 2 children. You may not like it but nowadays homework is done on a tablet not paper. So yes you need theee gadgets

Should people have children they can't afford? Put another way, if they want children should they not make sure they can earn enough to keep them properly?

Isn’t there a population crisis at the moment?

[Rovinghawk]

John145 said:

Isn’t there a population crisis at the moment?

Is there?

If there is, should people who can't afford kids have them & then complain that they haven't worked hard enough to get a sufficiently well-paid job?

[John145]

Burwood said:

blueg33 said:

John145 said:

This old argument fails at the test of “what if everyone worked harder?”. This argument does not benefit the populace but a select few of people who find themselves in the right place at the right time.

Luck is what you make of it. It’s having the ability to spot the opportunity and the balls to go for it.

Everyone I know who is successful in a national house builder has taken risks to get to their position. Pretty much all have started at or near the bottom.

Edited by blueg33 on Thursday 28th December 11:00

Like so many success stories. I often hear others say 'I could have done that'. 'I should go into business, I've got a great idea'. When I suggest they'll need at least £100k and expect to make no money for years, potentially, they think i'm talking nonsense.

Not only do you need balls , you also need a very supportive spouse. It can be the route of many arguments, building a business from nothing and clawing your way up the ladder.

Let’s get some perspective here. Directors and CEOs are employees of a business. We are not talking about investors risking their wealth. However some here believe this special group of employees are godlike and deserve ridiculous contracts that have multi million pound failure clauses where if you’re st you get bought out!!

[John145]

Rovinghawk said:

John145 said:

Isn’t there a population crisis at the moment?

Is there?

If there is, should people who can't afford kids have them & then complain that they haven't worked hard enough to get a sufficiently well-paid job?

I’m confused, is cleaning not hard work? Or are people who clean banned from breeding now?

[TooMany2cvs]

John145 said:

Rovinghawk said:

Should people have children they can't afford? Put another way, if they want children should they not make sure they can earn enough to keep them properly?

Isn’t there a population crisis at the moment?

Yes, there is. FAR too many people in the world, and rising FAR too rapidly.

[Rovinghawk]

John145 said:

I’m confused, is cleaning not hard work? Or are people who clean banned from breeding now?

Cleaning is very hard work. Fortunately I have others to clean the offices as I worked hard earlier, ie when I was at school.

People who clean are not & should not be banned from breeding. They should have the right to as many children as they can afford to raise.

[John145]

Rovinghawk said:

John145 said:

I’m confused, is cleaning not hard work? Or are people who clean banned from breeding now?

Cleaning is very hard work. Fortunately I have others to clean the offices as I worked hard earlier, ie when I was at school.

People who clean are not & should not be banned from breeding. They should have the right to as many children as they can afford to raise.

And when that figure is zero, then what? That is the situation we are in today. You can have a full time job but without benefits are unable even to afford the life of 1 child.

[John145]

TooMany2cvs said:

John145 said:

Rovinghawk said:

Should people have children they can't afford? Put another way, if they want children should they not make sure they can earn enough to keep them properly?

Isn’t there a population crisis at the moment?

Yes, there is. FAR too many people in the world, and rising FAR too rapidly.

Typical baby boomer. Loves unlimited immigration and hates the idea of having children. Eat st. You just want everything. Cheap access for maids to wipe your arse and bemoaning anyone who isn’t a risk taking entrepreneur.

[Burwood]

To anyone who just chimed in. Yes, this is a thread about Persimmons CEO. It isn’t about China’s previous, one child policy.

[TooMany2cvs]

John145 said:

TooMany2cvs said:

John145 said:

Rovinghawk said:

Should people have children they can't afford? Put another way, if they want children should they not make sure they can earn enough to keep them properly?

Isn’t there a population crisis at the moment?

Yes, there is. FAR too many people in the world, and rising FAR too rapidly.

Typical baby boomer.

I'm at least a decade too young to be a "baby boomer" - in my mid 40s.

John145 said:

Loves unlimited immigration and hates the idea of having children. Eat st. You just want everything. Cheap access for maids to wipe your arse and bemoaning anyone who isn’t a risk taking entrepreneur.

So, basically, the "population crisis" is simply that there isn't enough nice white anglo-saxon children in the world, because they're somehow inherently inferior to any other children? And anybody who raises an eyebrow at that is some kind of commie pinko faggot? Gotcha.

[Rovinghawk]

John145 said:

And when that figure is zero, then what? That is the situation we are in today. You can have a full time job but without benefits are unable even to afford the life of 1 child.

So work hard at school, work hard on the career & climb higher up the ladder rather than not bothering followed by whingeing.

Example- it worked pretty well for Persimmon's CEO & he can easily afford kids.

[crankedup]

Developing story, apparently the major investors are kicking up regarding the bonus payments.
Such is the public portral the fear expressed by the investors is that Persimon will be seen as a pariah dragging down on the business. They are piling pressure on for a complete review of the situation that the bonus scheme has placed upon them and the business itself.

[Halb]

But will anything really change, or will it be a nice show of 'looking into things.'

[crankedup]

Halb said:

But will anything really change, or will it be a nice show of 'looking into things.'

Yes that is the question, as you likely already are aware the. is name investors are household names, or at least well known. That they have pubilcally voiced out against the issues in such virilant terms any ‘rowing back’ will be seized upon by the media. Looks to me to be a watershed moment, failure of major investors to climb aboard the ‘moral bus’ could have serious implications for them.
Of course it could be all noise and zero actions letting the issue drift.

[hyphen]

crankedup said:

Developing story, apparently the major investors are kicking up regarding the bonus payments.
Such is the public portral the fear expressed by the investors is that Persimon will be seen as a pariah dragging down on the business. They are piling pressure on for a complete review of the situation that the bonus scheme has placed upon them and the business itself.

The major investors allowed it to happen and approved it. There were plenty of vocal critics http://www.uksa.org.uk/2017/12/persimmon-pay-uksa-... however the likes of Allianz and Blackrock failed to do anything.

Out of these major investors, only AXA voted against the scheme at the time.

I imagine the developing story is nothing more than PR handling of a screwup. These Investors won't want their own role in this fiasco to be publicised more than it will be, or the people who provide them with their funds may demand that they investigate themselves, which may land some of them in hot water.

Edited by hyphen on Saturday 13th January 23:24

[FN2TypeR]

crankedup said:

Developing story, apparently the major investors are kicking up regarding the bonus payments.
Such is the public portral the fear expressed by the investors is that Persimon will be seen as a pariah dragging down on the business. They are piling pressure on for a complete review of the situation that the bonus scheme has placed upon them and the business itself.

Surely they approved the deal?

[crankedup]

FN2TypeR said:

crankedup said:

Developing story, apparently the major investors are kicking up regarding the bonus payments.
Such is the public portral the fear expressed by the investors is that Persimon will be seen as a pariah dragging down on the business. They are piling pressure on for a complete review of the situation that the bonus scheme has placed upon them and the business itself.

Surely they approved the deal?

I’ve said for years that major investors will approve almost anything so long as the Company is producing good profits, dividends and a strong shares price.

That aside, announcement made Fairborn has pledged a ‘substantial sum’ of his ridiculous bonus to a charitable trust.

[sidicks]

crankedup said:

I’ve said for years that major investors will approve almost anything so long as the Company is producing good profits, dividends and a strong shares price.

That aside, announcement made Fairborn has pledged a ‘substantial sum’ of his ridiculous bonus to a charitable trust.

Major investors are incentivised to approve things that they deem in the best interests of those they represent I.e. which will support profits / dividends / share price growth.

[crankedup]

sidicks said:

crankedup said:

I’ve said for years that major investors will approve almost anything so long as the Company is producing good profits, dividends and a strong shares price.

That aside, announcement made Fairborn has pledged a ‘substantial sum’ of his ridiculous bonus to a charitable trust.

Major investors are incentivised to approve things that they deem in the best interests of those they represent I.e. which will support profits / dividends / share price growth.

erm!! that’s what I said.