Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Well in yesterdays tory standard it was reported that although dixons was losing money every day, and likely very soon to go under
they still paid there failing chief executive a million quid
yep a million quid.
now i suppose you could argue that a company making profits may well be justified to be paid a little more.
but this private company making big losses and likely to go out of business
to pay its chief exac a million quid
something wrong there surely?
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Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
What a private company pays its Chief Exec is a matter for the shareholders.
As it happens the share price of Dixons has improved this week from 15.25 to 15.9 now, though it is a long way short of its peak.
What we are seeing is a business model that is suffering from a combination of the economic turndown across Europe hitting luxury consumer spending and the pressures of increased on-line sales from businesses like Amazon. Comet too are suffering the same way.
The Chief Exec of Dixons has met a number of targets to re-structure the business in the face of the changing market and that is why he got his bonus. If he is successful in what he is doing Dixons could survive and go on to prosper. You are too quick to write them off as 'soon likely to go under' Keith. Let us hope the Chief Exec achieves his aims if so he will be worth every penny he earns. High risk carries high rewards as it should do.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
barryw;
according to the tory standard yesterday the more likely outcome will be dixons going out of business
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Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
We shall see Keith.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
on this one i hope your right barryw
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Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
All I have done is to provide a brief analysis of their situation and point out the facts of restructuring embarked on by the Chief Exec Keith, pointing out that he has met his targets and if he is successful the business will survive. The big question is whether the restructuring will be a success and on that I have offered no opinion with which you can agree or disagree Keith. So I am a little puzzled by what you have just said.
Personally I just hope that the Chief Exec and his Board are right in their plans for the business, perhaps that what you mean?
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
exactlt that barryw
i hope the board and chief executive have got it right
and the tory standard has got it wrong
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Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Then you must surely agree that in meeting his targets he deserves his bonus and that in his high risk job and if he achieves an eventual successful outcome it would mean a much bigger bonus that would be well deserved.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
that bit is to be seen
according to youyr tory standard
in what he is doing will see the end of dixons as a company
i dont have the ins and outs of it all
but i hope the tory standard are wrong
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Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
You are avoiding answering my question Keith.
It is always a bit distasteful when we crow over the potential demise of a business. Business is a complex but fascinating entity and it is not as simple as "fatcats" and CEOs being overpaid, any more than it is right to complain about "management" in health and social services. Quality management is essential to running any organisation and worth the investment.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
bern/barryw
yes it is, if they do things right and in the interest in this case of dixons for there survival then yes
otherwise no
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