Fat cat pay. Is it obscene ?

Atilla

Legendary member
19,906 3,158
How would my life be better if the head of a company I'm not involved with earned less money?

How did my life get worse when he became such a big earner?


I find personal questions such as this, really daft as much as I respect you Tomorton and Mr Charts.
To be clear that is the assertion that somehow lesser off people do not want others to be rich. People simply want a level playing field. Not just a case of envy and poor people being green and rich being blue.


If it is a private company than I have no problem with how it is run and how much boss decides to pay others or him self as long as it adheres to employment contract laws.

Where pay of public company directors are concerned than we do have a serious problem with how it is run and numeration is made. This is purely because when buying and selling shares on the stock market we need a level playing field where all companies adhere to same rules of compliance and regulation.

Moreover, personnel gain and stock options lead to excessive risk taking to meet short term targets without due consideration to long term interests of the company.

ESPECIALLY so when the government & tax payer have had to bail out a good few.

Also, if these top wig execs are using illegal off-shore accounts to evade tax. No problem with legal stuff.

Mr Green is a case in point having paid him self and his Mrs dollops of cash whilst the pension pot has not been attended to. Last time I recall anything like this
Robert Maxwell took the easy way out off his yatch but this time round Mr Green seems to have purchased a new one for him self.

If the Government pension guarantee scheme is to kick in to fill the void and pensioners end up losing 10% of the their pension pot, then this is a serious matter for all of us.


Do I care about any of this trash... No. Not at all. Just simply academic interest in current affairs and the market place. That's all.

(y)
 
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NVP

Legendary member
37,785 2,109
The world is full of people simply envious and jealous of other peoples success

We Brits are one of the worse at this .....I have spent time working in a few countries and none compare to our submerged issues with anyone doing better than ourselves .....

If someone is making money and is not breaking the law then good for them.....one pound, one million pounds ,100 million pounds.....good for them

If the law is broken then prove it and prosecute them.......if they are testing the morals of many regarding activities and decisions then it's subjective .....no law has been broken......that's life......we are not all,the same re moral compasses .....and it seems the big guy up top still rarely sends done the lightning bolts on such characters who are bending the rules to make money.....sad but true

If people havnt the balls or brains to make serious money then I don't see how they can try to stamp on people who can......unless one can prove foul play of course......

N
 

NVP

Legendary member
37,785 2,109
One of the biggest drawbacks in business is that managers are afraid to promote people more talented than themselves for fear of being overtaken and sacked.

Welcome to corporate life

And Start your own business or consultancy...the only way to solve the issue above
 

Pat494

Legendary member
14,617 1,581
Perhaps the really mean need a bit of encouragement to spread it around a bit. I am not talking laxatives here. Would you like to be one of their tenants as they take over the financial world and bleed you dry ? Those squished into the ghetto can come out in force and regain their place in the sun !

Have a little compassion and be human.
 

Pat494

Legendary member
14,617 1,581
The Neo Fascists with their despicable greed let the Left wing extremists through to power and rue the consequences as in Russia not so long ago.

Get human attributes before it is too late.
 

new_trader

Legendary member
6,665 1,488
Poor people

So I’m walking back from the supermarket this morning and as I am walking past a homeless man he says “Excuse me sir, do you have any spare change?” I looked at him and said “Yes thanks, plenty” and continued on my way. Homeless people, not only are they annoyingly poor, they stink too.
 

Atilla

Legendary member
19,906 3,158
The world is full of people simply envious and jealous of other peoples success

We Brits are one of the worse at this .....I have spent time working in a few countries and none compare to our submerged issues with anyone doing better than ourselves .....

If someone is making money and is not breaking the law then good for them.....one pound, one million pounds ,100 million pounds.....good for them

If the law is broken then prove it and prosecute them.......if they are testing the morals of many regarding activities and decisions then it's subjective .....no law has been broken......that's life......we are not all,the same re moral compasses .....and it seems the big guy up top still rarely sends done the lightning bolts on such characters who are bending the rules to make money.....sad but true

If people havnt the balls or brains to make serious money then I don't see how they can try to stamp on people who can......unless one can prove foul play of course......

N

Markets don't do emotion or morals so envy and jealousy are simply results of insecure humans who have mummy issues.

Brits are no more or less in having these human emotions along with the rest of the World's popullation. Perhaps better educated than most and living in greater abundance.

What is IMPORTANT is the environment that is provided by legislation and good governance for the conduct of business.

There is no doubt that Robert Maxwell fleeced the pension pot and took his life. Good regulation and audit process failed to pick up irregularities.

There is little doubt 'Sir' Philip Green asset stripped and abused BHS for private gain. To be proven one way or another.

There is no doubt Fred Good fart in the wind - Shred grew fat with greed and without due dilligence, chasing bonus payments and targets made the biggest loss in UK history (£24bn). He is now paid an annual pension of 600K. He resigned in 2009. Never had any proceedings brought against him.

Our Sir's and Lord's have been found doing wrongs along with many FTSE companies losing shareholder value, whilst personal numerations have been sky rocketing.


The Brex-5hitters complain of EU regulation whilst Germany is stronger than ever before and very able to compete. They want out. Are we to think all Brexiters are simply jealous, envious moaners. Ofcourse not. Situation is much more complex than that.


Personally I find it incredibly daft and stupid that people resort to jealousy to explain valid objections to unfair behaviour and practice in market place which acts to the detriment of our financial institutions. Self awarding numeration in the old boy network is what we have. If people can get away with something they will try.

It's a bit like pi55ing on public toilet seats instead of lifting lid up.

It's a bit like breaking the windows on a public bus stop because yobs feel they can and get away with it.

It's a bit like looting a £1000 pound LCD TV because you find a shop with broken windows. However, here 1000s of poor looters were caught and brought to justice and given criminal records.

It's a bit like the MP's and Lords fiddling their expenses, stealling 10s, 20s, 30,000s of pounds and more but none have been issued with a criminal record, even after admitting a 'lapse of judgement'.


There is common sense and then there is injustice, greed and theft. Then there is jealousy. :whistling


Mi tinks u guys are avin a larfff. Time for me to forkoff out of this thread and let you smart aleks get on with what ever you think and do. :(
 
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Pat494

Legendary member
14,617 1,581
So I’m walking back from the supermarket this morning and as I am walking past a homeless man he says “Excuse me sir, do you have any spare change?” I looked at him and said “Yes thanks, plenty” and continued on my way. Homeless people, not only are they annoyingly poor, they stink too.

Be really satisfying if NT had to change places with that homeless man for a week just to get a taster !
 

Mr. Charts

Legendary member
7,370 1,194
Hi Atilla,

"I find personal questions such as this, really daft as much as I respect you Tomorton and Mr Charts. "

I didn't ask any questions, much less personal ones.

I had the temerity to approve Tomorton's post because he posed questions which seemed perfectly valid and relevant to the discussion.

Best of luck to anyone who has more money than me, I have no problem with that, however wealthy they are, as long as they pay their taxes.
Excessive money does sometimes generate totally bizarre and extreme behaviour and can be downright dangerous as well as socially irresponsible. Look at Trump. What's even more frightening is the level of his support in the American electorate.

Have a good day, Atilla, no offence intended even though you are a Lib Dem I believe ;) :)
BTW, David Attenborough is doing a programme on the LibDems.

Richard
 

timsk

Legendary member
7,611 2,382
. . .Excessive money does sometimes generate totally bizarre and extreme behaviour and can be downright dangerous as well as socially irresponsible . . .
My stepson and his girlfriend have just left after stopping by for a bank holiday coffee. He works part-time as a race engineer for f.f.Corse. As such, he mixes with the super rich on a regular basis.

Reading this comment in Richard's post raised a wry smile as he was telling me about one chap who is so wealthy that he simply doesn't care what happens to his cars. Having written off no less than five Ferraris in a year - yes five! - other clients are a tad nervous about racing with him. Ye don't say!

Another client turned up for a racing day at Silverstone and my stepson asked him which of the various Ferraris he owns did he want to race that day, suggesting he might like one in particular (Sorry, I'm not a petrol head and can't remember the model.) Anyway, the client's reply was along the lines of: "Good idea, I'd completely forgotten I had that one". The car in question is worth well over £250k. By contrast, the last thing I came across that I'd forgotten I had was a fishing lure costing £12.50!

Different world.
Tim.
 
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Pat494

Legendary member
14,617 1,581
My stepson and his girlfriend have just left after stopping by for a bank holiday coffee. He works part-time as a race engineer for f.f.Corse. As such, he mixes with the super rich on a regular basis.

Reading this comment in Richard's post raised a wry smile as he was telling me about one chap who is so wealthy that he simply doesn't care what happens to his cars. Having written off no less than five Ferraris in a year - yes five! - other clients are a tad nervous about racing with him. Ye don't say!

Another client turned up for a racing day at Silverstone and my stepson asked him which of the various Ferraris he owns did he want to race that day, suggesting he might like one in particular (Sorry, I'm not a petrol head and can't remember the model.) Anyway, the client's reply was along the lines of: "Good idea, I'd completely forgotten I had that one". The car in question is worth well over £250k. By contrast, the last thing I came across that I'd forgotten I had was a fishing lure costing £12.50!

Different world.
Tim.

You are right, it is a different world for the super rich. As with everything there may need to be checks and balances. Howard Hughes is a good example of huge wealth corrupting absolutely. Trump may be some new example of lunacy caused by wealth.
 

Splitlink

Legendary member
10,850 1,234
Answering the title question. It is, isn't it? When you see BP boss getting a raise to 14 million per year and the company lost money, I believe, this year. What do you think?

A good story about Spain, this morning. The VIP prison has several infamous inmates, at present. There is Blesa, Conde, Pineda, Correa, Barnat ( you can Google them). They, all, hate each others guts, because it all boils down to too many snouts in the same trough. The guards had to break them up. This is, of course, about corrption--not about hard working executives earning millions a year.
 

tomorton

Legendary member
8,432 1,362
Brilliant stuff Tim.

How do the rich keep track of where all their keys are? (not that I lie awake worrying for them)
 

Mr. Charts

Legendary member
7,370 1,194
Brilliant stuff Tim.

How do the rich keep track of where all their keys are? (not that I lie awake worrying for them)

One has vehicular access and operational initiation executive operatives (key holding staff), doesn't one?
 
 
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