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Post by Carl LaFong on Aug 22, 2023 14:45:25 GMT
We’ve been tracking reaction to and expanding on details from the High Pay Centre’s CEO pay report, which showed that the average CEO from a FTSE 100 company received a 16% pay rise last year. That is equal to around £500,000, and took average salaries to around £3.9m. That is while average workers were squeezed by cost of living pressures and struggled to gain inflation-busting pay rises like those secured by top bosses. The Green Party said the figures should revive a debate about instituting a 10:1 pay ratio, that would restrict top boss’ pay to 10 times the level of the lowest paid worker. Meanwhile, the High Pay Centre raised concerns over the lack of transparency around pay for other high paid workers outside of CEO roles. www.theguardian.com/business/live/2023/aug/22/top-uk-ceos-handed-pay-rise-as-million-of-workers-squeezed-cma-activision-microsoft-public-borrowing-business-live |
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Post by yggdrasil on Aug 22, 2023 16:09:31 GMT
We’ve been tracking reaction to and expanding on details from the High Pay Centre’s CEO pay report, which showed that the average CEO from a FTSE 100 company received a 16% pay rise last year. That is equal to around £500,000, and took average salaries to around £3.9m. That is while average workers were squeezed by cost of living pressures and struggled to gain inflation-busting pay rises like those secured by top bosses. The Green Party said the figures should revive a debate about instituting a 10:1 pay ratio, that would restrict top boss’ pay to 10 times the level of the lowest paid worker. Meanwhile, the High Pay Centre raised concerns over the lack of transparency around pay for other high paid workers outside of CEO roles. www.theguardian.com/business/live/2023/aug/22/top-uk-ceos-handed-pay-rise-as-million-of-workers-squeezed-cma-activision-microsoft-public-borrowing-business-livethey obviously deserve them while no one else does. |
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Post by Flying Monkeys on Aug 22, 2023 17:04:31 GMT
10:1?
Stupid Green Party.
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Post by Carl LaFong on Aug 22, 2023 17:30:09 GMT
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Post by Flying Monkeys on Aug 22, 2023 18:00:12 GMT
Now you're talking! Seriously, though but, here's why it's stupid: FTSE-100 companies are pretty much all global giants, so they have employees in some very low cost economies where maybe £5k is the annual salary. CEO live in expensive economies - they're not going to get anywhere on £50k, not even double that. |
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Post by Deleted on Aug 22, 2023 19:39:09 GMT
That's good
It's important to give the rich more money.
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Post by notoriousnobbi on Aug 22, 2023 20:07:47 GMT
That's good It's important to give the rich more money. high nominal pay growth for the already well-off, high inflation for the poor. More blue arrows for the Sunday Times rich list! |
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Post by thorshairspray on Aug 22, 2023 20:50:01 GMT
On a positive note, if thats salary, half of it will be tax.
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Post by Flying Monkeys on Aug 22, 2023 21:45:40 GMT
On a positive note, if thats salary, half of it will be tax. The most important thing to note is that it trickles down to the poor. |
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Post by mowlick on Aug 22, 2023 23:30:13 GMT
On a positive note, if thats salary, half of it will be tax. Although that can be mitigated by a decent tax accountant |
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Post by mowlick on Aug 22, 2023 23:31:14 GMT
On a positive note, if thats salary, half of it will be tax. The most important thing to note is that it trickles down to the poor. Who will continue to whinge that it is not enough |
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Post by notoriousnobbi on Aug 23, 2023 5:05:37 GMT
On a positive note, if thats salary, half of it will be tax. The most important thing to note is that it trickles down to the poor. Oh, does it? My naivity told me that that was their reward for pushing through greedflation in a cost-of-living crisis. Woe me! |
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Post by Carl LaFong on Aug 23, 2023 6:24:49 GMT
Trickle down economics has been successfully rubbished.
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Post by gwyn on Aug 23, 2023 8:45:29 GMT
Trickle down economics has been successfully rubbished. Nonetheless, still practiced. |
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Post by mowlick on Aug 23, 2023 9:24:29 GMT
The most important thing to note is that it trickles down to the poor. Oh, does it? My naivity told me that that was their reward for pushing through greedflation in a cost-of-living crisis. Woe me! Sounds as though you have already pissed away your redundancy package and are looking for work Nobby. Don't worry on it. In my experience the rich can not hold onto their money and ultimately a few pfennings will dribble your way |
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