Home | Community | Message Board


Marijuana Demystified
Please support our sponsors.

General Interest >> Political Discussion

Welcome to the Shroomery Message Board! You are experiencing a small sample of what the site has to offer. Please login or register to post messages and view our exclusive members-only content. You'll gain access to additional forums, file attachments, board customizations, encrypted private messages, and much more!

Jump to first unread post. Pages: 1
InvisibleXlea321
Stranger
Registered: 02/26/01
Posts: 9,134
Pigs at the trough
    #3056606 - 08/27/04 03:33 AM (12 years, 9 months ago)

Boardroom pay bonanza goes on

Exclusive survey shows 12.8% rise

Julia Finch and Jill Treanor
Friday August 27, 2004
The Guardian

Directors' pay climbed 12.8% last year - three times faster than average earnings - taking the average pay packet for a chief executive to ?1.7m. The increase, revealed in the Guardian's annual pay survey, follows a 23% average rise the previous year, and 17% the year before.
Nearly 190 directors were paid a total of more than ?1m last year, the survey shows. They were all men. Excluding gains from share options and other incentive plans, a chief executive's average basic pay is now just under ?600,000.

Average earnings last year climbed by 4.7%, or 3.6% when City bonuses are stripped out of the national figures. Average pay in the UK is now about ?24,600 - one 70th that of the average chief executive.

The survey comes at a time when City investors want companies to spell out the relationship between boardroom and shop floor pay in their annual reports.

The National Association of Pension Funds wants Britain's biggest companies to publish a ratio showing how total directors' pay compares with that of the workforce. However, the companies are resisting the demands.

http://www.guardian.co.uk/executivepay/story/0,1204,1292119,00.html

The vested interests that push up the figures

Curbs have done little to shrink bosses' pay

Friday August 27, 2004
The Guardian

Every year, we wait with baited breath as the computers whir through the final calculations of the Guardian's annual boardroom pay survey. Will this be the year when directors' pay rises bear some resemblance to the sort of numbers normal mortals have to rub along on?

Frankly, the bit about the waiting and the baited breath is a trifle exaggerated, because the whole notion of directors' pay rises bearing any relationship to the usual wage determinants - like available supplies of skill and talent, the rate of inflation, profits or just plain merit - is quaint, if not laughable.

In Directorland, the good times have been rolling for years, despite successive governments calling for boardroom pay restraint and recent (hollow) threats of legislation if directors didn't do the honourable thing. Increasingly scientific methods are used to measure management performance on which bonuses are based and shareholders regularly say "enough is enough" when underperformers are over-rewarded. But it is never enough. So it was no surprise that our new survey showed boardroom pay up an average of 12.8% last year. OK, it is down on last year's 23% rise, but it is still nearly three times the 4.7% increase in UK average earnings (which dwindled to a much more recognisable 3.6% when the impact of the annual bonuses paid to a relative handful of City workers is excluded).

Where will it end? Not here and not yet. A tightknit industry has grown up advising companies on executive pay and it would be a brave consultant who suggested pay cuts to a non-exec on a remuneration committee if they also advise the company where that director works full time.

http://www.guardian.co.uk/executivepay/story/0,1204,1292138,00.html



--------------------
Don't worry, B. Caapi


Post Extras: Print Post  Remind Me! Notify Moderator
OfflineDivided_Sky
Ten ThousandThings

Registered: 11/02/03
Posts: 3,171
Loc: The Shining Void
Last seen: 9 years, 1 month
Re: Pigs at the trough [Re: Xlea321]
    #3056671 - 08/27/04 03:52 AM (12 years, 9 months ago)

I wonder if Jerry Bruckheimer is one of those directors! :laugh:

I bet M. Night Shaymalans is in on it! He seems like a greedy bastard.


Post Extras: Print Post  Remind Me! Notify Moderator
InvisibleXlea321
Stranger
Registered: 02/26/01
Posts: 9,134
Re: Pigs at the trough [Re: Divided_Sky]
    #3056809 - 08/27/04 04:48 AM (12 years, 9 months ago)

Could well be. His work is atrocious so it's certainly possible.


--------------------
Don't worry, B. Caapi


Post Extras: Print Post  Remind Me! Notify Moderator
InvisibleCJay
Dark Stranger
 User Gallery

Registered: 02/02/04
Posts: 931
Loc: Riding a bassline
Re: Pigs at the trough [Re: Xlea321]
    #3056980 - 08/27/04 07:17 AM (12 years, 9 months ago)

oink oink!!!


Post Extras: Print Post  Remind Me! Notify Moderator
Jump to top. Pages: 1

General Interest >> Political Discussion

Similar ThreadsPosterViewsRepliesLast post
* AIG reveals $454 mln in 2008 performance bonuses
( 1 2 all )
Yrat 1,332 35 05/10/09 02:23 AM
by TGRR
* Merrill's bonus pool phi1618 461 14 02/14/09 03:50 PM
by zappaisgod
* Walmart- a pig of a corporate citizen carbonhoots 860 3 02/18/02 12:14 PM
by GabbaDj
* 2nd amendment to justify shooting pigs?
( 1 2 3 4 5 6 7 all )
dee_N_ae 8,014 131 09/19/02 03:08 PM
by francisco
* War Pigs Evolving 340 2 03/18/03 04:40 AM
by zeronio
* Pigs Attack California Anti-War Protesters
( 1 2 3 4 all )
Learyfan 3,256 71 04/09/03 05:22 AM
by Paid
* Palin, is stupidity a political bonus? riceandpeas 514 9 10/07/08 02:45 PM
by Arp
* NSW Police are PIGS quiver 507 2 08/03/06 09:40 AM
by quiver

Extra information
You cannot start new topics / You cannot reply to topics
HTML is disabled / BBCode is enabled
Moderator: Enlil
324 topic views. 0 members, 2 guests and 15 web crawlers are browsing this forum.
[ Toggle Favorite | Print Topic | Stats ]
Search this thread:
Phytoextractum
Please support our sponsors.

Copyright 1997-2017 Mind Media. Some rights reserved.

Generated in 0.033 seconds spending 0.008 seconds on 19 queries.