pslewis

Executive bonuses are close to their level before the financial crisis, a survey by business advisory firm Deloitte says.

It found that the average bonuses for directors of FTSE 100 firms amounted to 100% of their basic salary, rising to 140% in the top 30 public companies.

And then, on the other hand, they tell their workers that they are 'stupid' to threaten strike action because their terms and conditions are being eroded and their pay frozen!!!

I just bet someone will post about the Unions being stuck in the past .... well here we have the bosses being stuck in the pigs trough of greed and excess!!

Scooby Soon!

Great News!

Business is booming under the lib dem/tories so the big bosses deserve some extra money, its those high earners that keep the little workers in jobs

ChefDude

investment is a great sector to work in - lots of money

markjmd

iTrader: (11)

Up until 3 or 4 years ago, I had very few doubts that executive bonuses were for the most part deserved (although in some instances still obviously a bit of a micky-take), but with recent history it's hard not to be rather more skeptical, particularly where the banking/financial sectors are concerned.

For anyone who hadn't noticed, the FTSE is still a good 20% down from where it was before the sub-prime collapse, and our economy is still treading water at best (2% growth balanced against nearly 3% inflation, hardly anything to write home about), so to claim that there aren't serious questions to be asked of the people who supposedly knew how the whole system works is pretty laughable.

For the record, I work on the tech side of the IT/network business, so I have an inherent suspicion of anyone whose suit looks a bit too well-pressed

alcazar

iTrader: (2)

Now come on Pete. Lying Labour, or Tory Tossers allied to Lousy Liberals, did anyone REALLY think it would be ANY different? Or that the bosses would somehow grow a social conscience?

Thus has it ever been.

Trout

iTrader: (1)

Deloitte would know. Their annual average profit share per partner was £880,000 per year. It will be more this year as the business has grown and the number of partners as declined!

pslewis

So, lets stop the Union bashing ... when they are simply looking after their members agreed Terms and Conditions, and let's start focusing on the greed that is Executive and Bankers Bonuses!!

I know that a Tory Government stands for greed and wealth for a few - the grab, grab society which was the 80's under Maggie ..... isn't it time the bosses took the pain as well as the Office Cleaner?

Watching Cameron, with his £15million personal wealth, say we are in it together sticks in my throat!!

mart360

POT - KETTLE - BLACK!!!!


This is from the man who regularly posts on here how his income is

xxxxxxx, and higher than anyone else on here for his 2 or 3 days a week

as a retired contractor


Stop trolling Pedro, its getting quite boring now


Mart

Leslie

Don't think much of your thread title. What are you expecting them to "get", apart from their obscene bonuses? Do you really think they don't realise their position and the loadsamoney that they are trousering.

Of course they are taking full advantage of the workers and also fiddling their salaries and bonuses into the bargain, Total selfishness and greed of course.

I think you would also do well to study the real motives of the unions.

Les

pslewis

Les

The 'real' motives of the Unions?

I suspect they are interested in their members rights - don't you? I doubt there is anything other than that?

mart360 - I take the same payrise as my staff do, the same performance criteria apply (I do not pocket fat bonuses or payrises, unless earned).

Leslie

Yes that is how they should regard their aims Pete,and that is how it should be. I wonder if that that is all that they have in mind though when I think back to some years ago.

Les

tony de wonderful

Executives and bankers are elites, it's the whole point of their jobs.

There will always be elites.

tony de wonderful

Western industry has been in decline for several decades despite the smoke and mirrors of the stock returns.

Interestingly executive pay as a multiple of average pay just keeps going up and up.

But then that is the whole point of being an exec...to earn lots.

pslewis

The whole point of an Exec. is to lead and steer the Company - I would suggest?

dpb

Whats a director do then

tony de wonderful

That is the superficial 'reason'.

Like Bankers are there to lend money and look after your deposits not get there hands on your money and (legally) rob you.

^Qwerty^

What was Blairs personal wealth before he buggered off to make even more money?

Xx-IAN-xX

http://www.telegraph.co.uk/finance/n...ers-Union.html

.
Well this says it all Pedro

SJ_Skyline

£15m between 2007 and 2009
http://www.timesonline.co.uk/tol/new...cle5489614.ece

For somone who purports to be a socialist, Blair really is the Gordon Gekko of the 21st century.

Adrian F

It seems like the old boy network looks after the incompetent executive boss, they lead us blindly into this FUBARBNDY situation and yet still earn the same the real casualties are the people at the bottom who are having big wage cuts or having to work longer for less etc and we should all think this is OK?

As for trickle down justification to why people at the top should earn so much more than those on the average look at India do we want to go back to a society with people living in shanty towns because a minority can exploit a majority?

Reward the successful executive but fire the rubbish dont just moving them to another equally well paid job just because he is in the old boys club.

tony de wonderful

That is true, a civilized society should not have too much of a gap between rich and poor.

I find India a bit scary in that regard. You have billionaires in their personal skyscrapers next door to shanty town when people live on a dollar a day. It's bad for democracy ultimately.

BTW I think the 'old boy network' is a bit of a myth in this day and age. Really you have more a 'false narrative' or 'Emperors new clothes' thing going on at executive and banker pay levels. The high pay is because people THINK they are worth it. Are they?

pwhittle

I currently work in the public sector (boo his!), though I'm about to leave for a charity (ironically for more security!). My last private sector job was at the then new HBOS. What struck me most was the staff's obsession with bonuses. Fair enough they were not in the same league as the bosses, and I must say I enjoyed spending mine on a mountain biking fornight in Utah, but many folk there could talk of little else.
That's the biggest difference I've found between sectors THB. In the private sector there's no monetary motivation to work hard - and little in the way of thanks either. so hard work is rarely recognised, and poor work rarely dealt with (public bodies seem to have paranoid HR departments who won't sack anyone).

It is of course a facilicy - and an insulting one - to say public sector workers don't work hard, many do, and they do it for selfless reasons. However as in most cases, you aren't there to make money, it's difficult for employers to link performance to pay.
Security isn't there anymore, pentions have been eroded, seemingly without public knowledge - and will be an easy target at some point, so good workers have less and less reason to stay in the public sector. Why not take your skills with you, and move somewhere who gives you a bonus, shares, a car, and a Christmas party (and the occassional thanks!)

It'll be a shame if the public sector looses it's good staff, and gets left with the freeloaders (and there are plenty).

J4CKO

iTrader: (1)

[QUOTE=pslewis;9599884]Les

The 'real' motives of the Unions?

I suspect they are interested in their members rights - don't you? I doubt there is anything other than that?
QUOTE]

Empire Building, Self Serving, megolomania, wanting to "stick it" to the managing classes, avoidance of actual work, nepotism etc etc

If you think union leaders are all selfless champions of the working man you are missing some of the stuff the test of us see.