howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
And then many of these bosses say they will go bankrupt if they pay any more than the minimum wage a scandal is a nice way of putting it
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Captain Haddock
- Location: Marlinspike Hall
- Registered: 8 Oct 2012
- Posts: 8,167
The problem is that shareholders allow the 'fat cat bosses' to have these pay deals.
The solution is to buy shares and complain.
I have. I do.
Frankly if you don't 'own' the company it's none of your bloody business.
An alternative would be for customers to boycott the companies, but as with Amazon and Uber, to name but two examples, as long as they provide a superior service at a better price, the chance of masses of whining people doing that is about as good as that of everyone voting to pay an extra 1p on income tax to pay for 'our' (sic) NHS. i.e. Zero.
"We are living in very strange times, and they are likely to get a lot stranger before we bottom out"
Dr. Hunter S Thompson
Weird Granny Slater
- Location: Dover
- Registered: 7 Jun 2017
- Posts: 3,087
The Pry Mincer invoking Sailor Ted's 'unacceptable face of capitalism'? A rather quaint expression. But it ain't just the smiler is it? More like the whole rotting corpse, and due for a pauper's burial.
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'Pass the cow dung, my dropsy's killing me' - Heraclitus
Captain Haddock- Location: Marlinspike Hall
- Registered: 8 Oct 2012
- Posts: 8,167
"We are living in very strange times, and they are likely to get a lot stranger before we bottom out"
Dr. Hunter S Thompson
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
We can always rely on you to raise the debate to an intellectual level Bob.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Not surprisingly I don't agree with Bob
Often the companies wouldn't survive unless they had staff although paid just on the minimum wage giving there all whilst executives as above
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Ross Miller
- Location: London Road, Dover
- Registered: 17 Sep 2008
- Posts: 3,707
It is one thing to argue for some form of statutory or governmental control of wages in organisations run by the state (NHS, BBC, Central Gov etc.); after all it is our tax money that is being spent.
It is a totally different matter to do so for private enterprises. Bob is absolutely correct in that the only current way to deal with perceived over pay/abuse is through holding shares and making your voice heard. Perhaps we should consider what the consequences of government trying to interfere with the decisions of shareholders in connection to executive pay might be before we consider such nonsense.
If you want to change capitalism the quickest way is to remove the whole concept of limited liability and the idea that corporations are juristic entities, making the owners and their appointed executives jointly and severaly liable for corporate failings etc.
"Dream as if you'll live forever. Live as if you'll die today." - James Dean
"Being deeply loved by someone gives you strength,
While loving someone deeply gives you courage" - Laozi
Captain Haddock- Location: Marlinspike Hall
- Registered: 8 Oct 2012
- Posts: 8,167
Of course what has
really happened is that Incomes of highest-paid rose fastest under Labour. The lowest-paid did the worst. Under Osborne and Cameron, the reverse was true. We have (all) never had it so good!
For the many, not the few - my arse!
"We are living in very strange times, and they are likely to get a lot stranger before we bottom out"
Dr. Hunter S Thompson
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Bob tell that to the millions struggling to survive, on or below the minimum wage
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"We are living in very strange times, and they are likely to get a lot stranger before we bottom out"