Too Right It Is (Imo)

[Svejk]

http://www.theguardian.com/business/2016/mar/05/pay-for-uk-bosses-absurdly-high

[1ozzy]

Not just the UK.
Recently the boss of Rio Tinto Aust took a $1.5 million (or something like that) pay cut due to poor performance in the commodities market. He still earns $25,000 per day.

[Svejk]

Yes, I must admit, we wouldn't have doubled our pay since the crash if it weren't for...Oh, hang on, they doubled their pay, not us. (well me, can't speak for all ABers. Anybody?)

[baza]

If we have the best of the best it must mean the rest are carp.

[wiltsman]

Sounds a bit fishy baza.

[ChillDoubt]

Absolutely. I'm perpetually aghast at the astronomical wages of those who have presided over failure and incompetence:


http://www.dailypost.co.uk/news/north-wales-news/betsi-cadwaladr-ex-health-board-7381407

[ChillDoubt]

http://www.theguardian.com/business/2013/jun/12/rbs-ceo-stephen-hester-quits

[ChillDoubt]

http://www.theguardian.com/business/2016/feb/26/rbs-chief-executive-ross-mcewan-pay-2bn-loss-results-royal-bank-of-scotland

Abhorrent and shameful.

Apologies for multiple answers, tablet is a bit *** when it comes to posting more than one link at a time!

[ChillDoubt]

The asterisked word begins with sh and rhymes with kite.....

[ll_billym]

I find myself torn between simply wringing my hands or actually trying to do something about it.

[Gromit]

I have no problem with talented people being highly paid for their gift, especially if that transfers to very handsome profits.

But I am sure that poor performing companies paying their top CEO vast amounts of money while they oversee huge losses, is mot acceptable.

The pay should be properly performance related.

[ummmm]

And I agree with Gromit....

Pay what they are worth.

[1ozzy]

Pay what they are worth should filter down through the company.
Granted the person in the drivers seat makes the decisions.
Every employee makes the company profitable.
But, profits are shared among the upper echelon whilst those on the "shop floor" struggle to gain a 0.5% pay rise.

[tamborine]

Ridiculous salaries for CEOs considering the PM earns £142k+pa.

http://www.bbc.co.uk/news/10200387

[youngmafbog]

Couldnt agree more with Gromit.

The issue (for shareholders) is ridiculous pay and bonuses for poor performance.

Some are worth the money others are not.

Lets not forget these are not jobs for life generally, plus you have to live and breath your company 24*365. I suspect many, including myself, would not want to do that.

But think of all the tax that is paid in !!!

[youngmafbog]

A FTSE 100 company and a Prime minister are not at all comparable. Apples and Pears.

[youngmafbog]

That should be FTSE 100 CEO

[bazwillrun]

dont worry Komrad Jezza will sort it all out when gets to no 10 !...power to the workers , down with the bolshevik elite !!!....

[youngmafbog]

That's if the the EUSS have not got there first.

The Germans have their on on the London Markets.

[Gromit]

The planned merger between The London Stock Exchange and Deutsche Börse has absolutely nothing to do with the EU. They are two private companies who think a tie up will benefit both companies. In fact it was the EU who kiboshed the two previous merger attempts by these two companies.