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FTSE bosses earn more by today than average worker all year


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Old 04-01-2017, 14:17
Glawster2002
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Personally I don't care what a CEO gets paid as long as it's linked to success. I do object to CEO's that fail and then get a massive payoff to go.

As far as linking Executive pay with workers it's a crazy idea. The jobs are in no way comparable and it would simply result in the best executives leaving the UK for better paid job abroad.

At a time when we need the best people in position to drive our companies forward the last thing you want to do is lose them.
Would that be the reality, though? After all, there aren't that many places to choose from that pay more in total than the UK.
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Old 04-01-2017, 14:18
mungobrush
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I accept we live in a free market economy so that means the rich can get richer
Actually, in a free market economy, anyone can get rich
And there are countless rags-to-riches stories to prove it.
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Old 04-01-2017, 14:21
Dotheboyshall
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Actually, in a free market economy, anyone can get rich
And there are countless rags-to-riches stories to prove it.
So someone in a persistitive vegatative state could become rich. Wow.
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Old 04-01-2017, 18:56
GreatGodPan
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You don't need a maximum salary. Just insist that all PLCs have a pay remuneration board made up of independent shareholders, employees and a representative for the board - and this board sets the pay. Employees should be protected so that they are free to comment without fear of losing employment. Those boards should be minuted and form part of the annual accounts , alongside pay ratios. As this will then be public that information can be used to put public pressure to change the situation.

Given that there is little correlation between the performance of companies on the FTSE and board pay - it follows that in letting independent shareholders have a say may make board level payments more responsive to the performance of the company.
Paper tiger?
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Old 04-01-2017, 19:20
MartinP
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Better than anything your dogma would impose... ps welcome back! How was Cuba?
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Old 04-01-2017, 19:23
GreatGodPan
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Better than anything your dogma would impose... ps welcome back! How was Cuba?
I wish...........
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Old 04-01-2017, 19:53
Mr Oleo Strut
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By lunchtime today, the average FTSE 100 boss will have earned more money than the average-waged worker will make in the entire year. And it's still only the 4th of January!

https://www.theguardian.com/money/20...-cat-wednesday

We really do need a maximum salary which is linked to to the lowest waged employee. In the 60's and 70's, the average FTSE boss earned 40 times the lowest waged employee, this has risen to 400 times the lowest waged employee.
Greed, greed and greed again rules in the bloated boardrooms of the fat-cats. They have no conscience, just an insatiable desire to suck-up as much as they can from the common trough. They are a disgrace. Despicable examples of rampant capitalism totally out of control. Puppet-masters to our pitiful politicians.
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Old 04-01-2017, 20:00
Aristaeus
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Personally I don't care what a CEO gets paid as long as it's linked to success. I do object to CEO's that fail and then get a massive payoff to go.

As far as linking Executive pay with workers it's a crazy idea. The jobs are in no way comparable and it would simply result in the best executives leaving the UK for better paid job abroad.

At a time when we need the best people in position to drive our companies forward the last thing you want to do is lose them.
But in the 60's and 70's the best people were earning 40x the lowest waged worker; now they're earning 400x the lowest waged worker.

If they weren't leaving because of 40x then, why would they do so now?
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Old 04-01-2017, 20:10
mungobrush
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But in the 60's and 70's the best people were earning 40x the lowest waged worker; now they're earning 400x the lowest waged worker.

If they weren't leaving because of 40x then, why would they do so now?
They were leaving

It was called the "brain drain"
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Old 04-01-2017, 20:24
razorboy
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Actually, in a free market economy, anyone can get rich
And there are countless rags-to-riches stories to prove it.
I have no problem with people who earn large sums through exceptional talent. "If anyone can get rich" what is exceptional about the qualities required.
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Old 04-01-2017, 20:42
SULLA
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So do many footballers
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Old 04-01-2017, 23:52
MartinP
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I supposed it might not have been a pleasant time away but alas cannot send anything private. I did wonder, but all the best not matter what.
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Old Yesterday, 09:05
paulschapman
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Not if it was backed by legislation. That includes the makeup - with shareholders, employees and the board in a balance that would offset each group (which will of course be looking for their own)
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