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FTSE bosses earn more by today than average worker all year |
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#26 |
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Join Date: Nov 2003
Location: Nailsworth, Gloucestershire
Posts: 10,402
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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. |
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#27 |
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Join Date: Oct 2009
Location: Norwich
Posts: 7,790
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I accept we live in a free market economy so that means the rich can get richer
And there are countless rags-to-riches stories to prove it. |
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#28 |
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Join Date: Oct 2013
Posts: 9,313
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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. |
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#29 |
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Join Date: Nov 2010
Posts: 35,814
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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. |
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#30 |
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Join Date: Aug 2000
Location: North London, UK
Posts: 28,051
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Paper tiger?
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#31 |
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Join Date: Nov 2010
Posts: 35,814
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Better than anything your dogma would impose... ps welcome back! How was Cuba?
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#32 |
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Join Date: Jan 2014
Posts: 2,311
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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. |
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#33 |
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Join Date: Apr 2015
Posts: 3,201
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Quote:
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. If they weren't leaving because of 40x then, why would they do so now? |
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#34 |
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Join Date: Oct 2009
Location: Norwich
Posts: 7,790
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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? It was called the "brain drain" |
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#35 |
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Join Date: May 2007
Location: Brighton
Posts: 4,923
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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. |
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#36 |
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Join Date: Jun 2002
Location: Black Country lad in Yorkshire
Posts: 118,046
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FTSE bosses earn more by today than average worker all year
So do many footballers
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#37 |
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Join Date: Aug 2000
Location: North London, UK
Posts: 28,051
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I wish...........
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#38 |
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Forum Member
Join Date: Feb 2007
Posts: 24,736
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Paper tiger?
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