Britain today, it's survival of the fittest.
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Semi-related to this thread...
For me the main thing I think has changed in our society over say 10-20 years ago, is the complete lack of correleation between remuneration, and performance/accountability.
These days executives are getting paid 6 figure sums and very generous pensions arrangements for leaving after doing a bad job, or for keeping their mouths shut, or being paid huge bonuses when the company does well, but still being paid the same bonuses when doing badly.
This does go some way to perpetuating the divide between those in high places, staying there regardless of ability.
I don't remember this in the 80's and 90's, if you were bad you were let go.
For me the main thing I think has changed in our society over say 10-20 years ago, is the complete lack of correleation between remuneration, and performance/accountability.
These days executives are getting paid 6 figure sums and very generous pensions arrangements for leaving after doing a bad job, or for keeping their mouths shut, or being paid huge bonuses when the company does well, but still being paid the same bonuses when doing badly.
This does go some way to perpetuating the divide between those in high places, staying there regardless of ability.
I don't remember this in the 80's and 90's, if you were bad you were let go.
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From: K
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I don't know, are all executives now being paid 6 figure sums, given generous pensions and massive bonuses for failures? and are you saying this never occurred 15 years ago?
Last edited by jonc; Jul 1, 2013 at 02:44 PM.
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I think it's the former
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From: K
Yes, they get paid 6 figure sums. Yes they are given generous pensions and massive bonuses
and NO the share price performance has not matched the remuneration
but not just the private sector - from todays BBC
http://www.bbc.co.uk/news/entertainment-arts-23125494
"The BBC has been criticised by the National Audit Office for paying out £25m in severance to 150 senior BBC managers, and risking "public trust".
Last edited by hodgy0_2; Jul 1, 2013 at 03:03 PM.
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well to frame the question - hence the answer, lets talk about senior Executives of Footsie 100 companies
Yes, they get paid 6 figure sums. Yes they are given generous pensions and massive bonuses
and NO the share price performance has not matched the remuneration
but not just the private sector - from todays BBC
http://www.bbc.co.uk/news/entertainment-arts-23125494
"The BBC has been criticised by the National Audit Office for paying out £25m in severance to 150 senior BBC managers, and risking "public trust".
Yes, they get paid 6 figure sums. Yes they are given generous pensions and massive bonuses
and NO the share price performance has not matched the remuneration
but not just the private sector - from todays BBC
http://www.bbc.co.uk/news/entertainment-arts-23125494
"The BBC has been criticised by the National Audit Office for paying out £25m in severance to 150 senior BBC managers, and risking "public trust".
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From: K
i don't think i am confusing anything
I made a point in post 36; nothing since posted has made me change my view
you can argue the toss about top execs pay (in the private and public sectors), it is a slight irrelevance tbh, and I have argued against any form of pay capping in this forum before
my central point is that things are going to get a lot worse for a lot of people, but a few – the top 10% will do disproportionality better
and one reason – as I pointed out a few years ago in a post - is that the lower income earners will spend an ever greater proportion of their income on the basics – rent, food and energy (heating and fuel)
and I have been reasonably careful not to put a “value” judgement against this analysis – it is just how it is
I made a point in post 36; nothing since posted has made me change my view
you can argue the toss about top execs pay (in the private and public sectors), it is a slight irrelevance tbh, and I have argued against any form of pay capping in this forum before
my central point is that things are going to get a lot worse for a lot of people, but a few – the top 10% will do disproportionality better
and one reason – as I pointed out a few years ago in a post - is that the lower income earners will spend an ever greater proportion of their income on the basics – rent, food and energy (heating and fuel)
and I have been reasonably careful not to put a “value” judgement against this analysis – it is just how it is
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I wish we'd decide what this thread is... are we going for a good old 'immigrants are the root of all evil' style thread or a 'the government are sh1te' type of thread.... it seems to be meandering right now... sort it out FFS
As for poverty I am in Indonesia right now where the true meaning of poverty can be seen daily yet also they have a work ethic way in advance of anything the average native UK workshy scum would recognise as such!!
As for poverty I am in Indonesia right now where the true meaning of poverty can be seen daily yet also they have a work ethic way in advance of anything the average native UK workshy scum would recognise as such!!
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