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    Harry. The salaries of the Executives are a matter for the boards and the shareholders. They reflect the market rate for the job and it is dangerous to interfere with that.

    Are the profits really high relative to the capital deployed? I dont think so. You have to consider the high levels of capital investment they need as well.

    Incidentally, most of the dividends that are paid out are ultimately to the benefit of the man in the street who has a pension fund or equity ISA.

    Investments such as utilities (as opposed to riskier 'growth' stocks such as tech companies) are a good port in an uncertain economic world. They attract new investment through issuing highish dividends rather than offering great growth prospects. Many pensioners are generating income from funds (income or 'value' funds) that have a high holding of these stocks because of the dividends.

    They are a bedrock providing income for many people with relatively modest means.

    Please, no-one take any of what I say as advice or a hint to invest in these companies (or funds) - get advice as you need to know the associated risks.

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