howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#1
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
#2
I read a similar article to that in the BBC news this morning, it's shocking! This class of executives (employees?) have alienated themselves from the larger part of society
When one lot gets a golden handshake, the next lot moves in, and help themselves to the common pot, and so on...
And as time goes by, they just keep increasing their income, they seemingly never stop.
Considering the numbers of top-ranking (employess?) involved in these hundreds of FTSE companies, the sums they cash in as salary, bonuses and various privileges, including golden handshakes, must be staggering.
If they are employed by their company (share-holding company), then they are not the private owners of it, but they are in a position where they run the company and at the same time establish their own wages.
The BBC report included this paragraph:
"The study also found that total pay packages for company executives in the wider FTSE 350 had gone up by 700% since 2002 - while the index had risen by only 21%."
The report adds:
"Pay levels for the average worker in Britain have risen by 27% over the past decade."
What a rip-off!