Showing posts with label pay. Show all posts
Showing posts with label pay. Show all posts
This former bank chairman was filmed handing over money reportedly to buy cocaine and crystal meth. Stuart Davies, a rent boy and associate of the bank chairman, took the film to a newspaper.
The top people do not necessarily deserve big pay.
1. What about the top people at BOEING, the company that built the DREAMLINER?
Boeing awarded Chief Executive Jim McNerney almost $27.5 million in annual compensation for 2012, a 20% increase from a year earlier.
Boeing awarded Chief Executive Jim McNerney almost $27.5 million in annual compensation for 2012, a 20% increase from a year earlier.
And Boeing has run into trouble.
In November 2013, Japan Airlines pulled its Dreamliners from two international routes because of worries about ice forming on the planes
July 28 2012: A fan shaft on a Dreamliner failed
December 2012: A Dreamliner was forced to make an emergency landing
January 7 2013: A Dreamliner flight bursts into flames at Boston airport
January 15 2013: A Dreamliner made an emergency landing in Japan after a smoke alarm went off.
June 2 2013: Battery problems reported on a Dreamliner.
June 18 2013: A Dreamliner was diverted to Seattle due to an oil-filter problem
June 24 2013: A Dreamliner made an emergency landing in Denver due to a brake problem
July 3 2013: A Dreamliner flight to Chicago was cancelled because the aircraft had problems with the power supply
July 12 2013: A Dreamliner caught fire on the runway at Heathrow
July 18 2013: A Dreamliner had to return to Boston after take-off because of a possible problem with the fuel pumps
http://www.dailymail.co.uk/
In November 2013, Japan Airlines pulled its Dreamliners from two international routes because of worries about ice forming on the planes
July 28 2012: A fan shaft on a Dreamliner failed
December 2012: A Dreamliner was forced to make an emergency landing
January 7 2013: A Dreamliner flight bursts into flames at Boston airport
January 15 2013: A Dreamliner made an emergency landing in Japan after a smoke alarm went off.
June 2 2013: Battery problems reported on a Dreamliner.
June 12 2013: A Dreamliner flight was cancelled after one of the engines failed to start
June 18 2013: A Dreamliner was diverted to Seattle due to an oil-filter problem
June 24 2013: A Dreamliner made an emergency landing in Denver due to a brake problem
July 3 2013: A Dreamliner flight to Chicago was cancelled because the aircraft had problems with the power supply
July 12 2013: A Dreamliner caught fire on the runway at Heathrow
July 18 2013: A Dreamliner had to return to Boston after take-off because of a possible problem with the fuel pumps
http://www.dailymail.co.uk/
The top people do not necessarily deserve big pay.
2. What about the highly paid people responsible for FUKUSHIMA?
Nuclear power stations are ALWAYS a bad idea in terms of cost and safety.
Since then, Fukushima has been releasing radioactivity into the air and radioactive water into the Pacific Ocean.
The Indian government is to make a nuclear cooperation agreement with Japan that will allow Japanese nuclear energy companies to build nuclear power plants in India.
Fukushima | Dissident Voice.
The top people do not necessarily deserve big pay.
3. What about the top people at the UK's CO-OPERATIVE GROUP?
Do the top people waste their money on narcotics and rent boys?
The Co-Op bank has got into difficulty and has now been taken over by American hedge funds.
The Reverend Paul Flowers was until very recently the chairman of The Co-operative Bank.
He has reportedly been enjoying the company of rent boys and 'sending sex and drug obsessed texts.'
Sex, drugs, blasphemy, depravity, arrogance of the Crystal Methodist.
The police, watched over by Flower's friend, the retired police chief inspector, 'found nothing incriminating'.
Read more: http://www.dailymail.
The top people do not necessarily deserve big pay.
The sexism of 'Bunga Bunga' bank boys
Bunga Bunga
The top people do not necessarily need big pay.
5. One of the most efficient companies in the world is Victorinox, which does not pay its bosses giant salaries.
Vicorinox maintains a 5:1 salary ratio between the highest-paid and average-paid workers.
High CEO salaries can mean lower profits
Swiss GDP consists mostly of medium-sized companies which do not pay huge salaries to their bosses.
On 24 November 2013, Switzerland holds a referendum on reforms that would make it illegal for Swiss companies to give bosses more than 12 times the wage of their lowest earning workers.
In 1998, the top salaries at the largest Swiss companies stood at 14 times those of the lowest-paid workers.
By 2011, the top salaries at the largest Swiss companies stood at 93 times those of the lowest-paid workers.
Peter Brabeck, chairman of the Swiss firm Nestlé, earns 12 times more than the chairman of the Anglo-Dutch firm Unilever.
In 2011, Switzerland had the world's highest average wealth per adult, at USD 540,000.
However, wealth in Switzerland is now distributed very unequally.
In The Financial Times, James Breiding writes that Switzerland has been the most competitive country in the world due to having "strong industry and weak government, with low levels of regulation."
In 1998, the top salaries at the largest Swiss companies stood at 14 times those of the lowest-paid workers.
By 2011, the top salaries at the largest Swiss companies stood at 93 times those of the lowest-paid workers.
When big companies are run by greedy pigs, trouble follows.
It is the companies paying giant salaries, such as Credit Suisse and UBS, which have been 'badly managed' and which have got Switzerland into trouble.
By 2003, the Swiss economy was under some stress and there were a number of bankruptcies and "massive layoffs and dismissals."
Among the reasons for this were:
1. The Global economic crisis, partly caused by 'the greedy pigs' grabbing more than their fare share of the world's wealth.
2. The ordinary Swiss family getting less than their fair share of the cake and feeling that they had less money to spend.
It is the companies paying giant salaries, such as Credit Suisse and UBS, which have been 'badly managed' and which have got Switzerland into trouble.
By 2003, the Swiss economy was under some stress and there were a number of bankruptcies and "massive layoffs and dismissals."
Among the reasons for this were:
1. The Global economic crisis, partly caused by 'the greedy pigs' grabbing more than their fare share of the world's wealth.
2. The ordinary Swiss family getting less than their fair share of the cake and feeling that they had less money to spend.
Peter Brabeck, chairman of the Swiss firm Nestlé, earns 12 times more than the chairman of the Anglo-Dutch firm Unilever.
In 2011, Switzerland had the world's highest average wealth per adult, at USD 540,000.
However, wealth in Switzerland is now distributed very unequally.
Urs Rohner, the chairman of Credit Suisse earns more than the chairmen of Barclays, BNP, Deutsche Bank and Royal Bank of Scotland combined.
(In 2003 Switzerland's real GDP contracted by 0.2%.)
If chief executives' pay is capped at about $500,000 per year, Switzerland might get rid of some of the greedier hedge fund managers and bank executives.
It is the companies paying giant salaries, such as Credit Suisse and UBS, which have been 'badly managed' have got Switzerland into trouble.
James Breiding is the author of ‘Swiss Made: The Untold Story Behind Switzerland’s Success’.
Switzerland has attracted multinationals, including Google, consumer goods company Procter and Gamble, commodities traders such as Cargill, Glencore and Louis Dreyfus, and hedge funds such as Brevan Howard.
However, these companies do not necessarily employ large numbers of Swiss citizens, and do not necessarily pay much in tax.
These multinationals do not necessarily do much to enrich the average Swiss citizen.
If chief executives' pay is capped at about $500,000 per year, Switzerland might get rid of some of the greedier hedge fund managers and bank executives.
It is the companies paying giant salaries, such as Credit Suisse and UBS, which have been 'badly managed' have got Switzerland into trouble.
Some of the top executives in Switzerland would appear to very greedy.
Peter Brabeck, chairman of the Swiss firm Nestlé, earns 12 times more than the chairman of the Anglo-Dutch firm Unilever.
Walter Kielholz, chairman of reinsurer Swiss Re, earns 10 times the salary of Germany's Munich Re.
Urs Rohner, the chairman of Credit Suisse earns more than the chairmen of Barclays, BNP, Deutsche Bank and Royal Bank of Scotland combined.
http://www.ft.com/
Swiss GDP consists mostly of medium-sized companies which do not pay huge salaries to their bosses.
If one or two hedge funds were to leave Switzerland, it would not be the end of the world.
Urs Rohner, the chairman of Credit Suisse earns more than the chairmen of Barclays, BNP, Deutsche Bank and Royal Bank of Scotland combined.
http://www.ft.com/
Swiss GDP consists mostly of medium-sized companies which do not pay huge salaries to their bosses.
If one or two hedge funds were to leave Switzerland, it would not be the end of the world.
Swiss GDP consists mostly of medium-sized companies which do not pay huge salaries to their bosses.
These medium-sized companies are world-class.
It is the companies paying giant salaries, such as Credit Suisse and UBS, which have been 'badly managed' and which have got Switzerland into trouble.
It is the companies paying giant salaries, such as Credit Suisse and UBS, which have been 'badly managed' and which have got Switzerland into trouble.
In the referendum, voters will vote for or against the idea of limiting executive pay to 12 times the level of the lowest-paid employee.
In 1998, top salaries at the largest Swiss companies stood at 14 times those of the lowest-paid workers.
In 2011, top salaries at the largest Swiss companies stood at 93 times those of the lowest-paid workers.
In 2011, top salaries at the largest Swiss companies stood at 93 times those of the lowest-paid workers.
You may think it reasonable that no one in a company should get more in one month than the lowest-paid employee makes in a year.
The top people in Switzerland are urging voters to reject the 1:12 initiative for fear it could make it hard for companies to recruit top crooks as managers.
In March 2013, Swiss voters overwhelmingly approved the Rip-Off Initiative which gives shareholders binding votes on executive pay and bans the payment of signing-on and golden handshake payments.
Polls indicate that the Swiss voters will be conned into rejecting the 1:12 initiative.
Public support for 1:12 pay cap appears to wane - SwissInfo
Anonymous said...
Let's try it the other way around.
Polls indicate that the Swiss voters will be conned into rejecting the 1:12 initiative.
Public support for 1:12 pay cap appears to wane - SwissInfo
Anonymous said...
Let's try it the other way around.
Rather than tell the managers of corporations how little they may earn
we instead tell them that they may pay themselves as much as they like, with the caveat that they must then in turn pay their lowliest employee one twelfth of that amount.
What's unfair about that?
As for market forces and the old we-have-to-pay-huge-salaries-otherwise-we'd-get-crap-executives chestnut, didn't that one die in the arse when we had every bank executive who ruined the economy pay themselves fatbonuses?
Honestly, is there any evidence of a link between competency and remuneration?
Who were the executives responsible for shipping the US's entire manufacturing base to China and India and ruining the country's economy? Who fucked Greece, and Ireland, and Italy, and Iceland, and Portugal, and Spain? Were they executives who'd tell you that they have to be paid big salaries otherwise incompetents would ruin everything?
This is 'tiger amulet' logic. Wear it and you'll never get attacked by tigers. And if you do happen to get attacked, you can console yourself with the knowledge of how much worse if would have been had you not worn it.
we instead tell them that they may pay themselves as much as they like, with the caveat that they must then in turn pay their lowliest employee one twelfth of that amount.What's unfair about that?
As for market forces and the old we-have-to-pay-huge-salaries-otherwise-we'd-get-crap-executives chestnut, didn't that one die in the arse when we had every bank executive who ruined the economy pay themselves fatbonuses
?Honestly, is there any evidence of a link between competency and remuneration?
Who were the executives responsible for shipping
the US's entire manufacturing base to China and India and ruining the country's economy? Who fucked Greece, and Ireland, and Italy, and Iceland, and Portugal, and Spain? Were they executives who'd tell you that they have to be paid big salaries otherwise incompetents would ruin everything?This is 'tiger amulet' logic. Wear it and you'll never get attacked by tigers. And if you do happen to get attacked, you can console yourself with the knowledge of how much worse if would have been had you not worn it.
