Corporate greed

[Coldicote]

'Corporate greed' is a fashionable expression in the news these days, but there's lack of actual examples to illustrate what people mean by it. What does it mean to you?

[mountainboo]

For me sub-prime was an example.

[237SJ]

It means UK companies farming out work to cheap labour overseas in the pursuit of even greater profit at the expense of British jobs. Likewise, fat cat bosses earning huge salaries and bonuses while making staff redundant.

[Coldicote]

A good start. I guess a lot of other people have their own interpretations.

[jake-the-peg]

Oh I think there are plenty of actual examples


How about Barclays bank paying £113 milion in corporation tax against £11.6 billion in profits.

How about the bosses of the top UK companies getting rises averageing £1.3 million despite there being no evidence that it was justified by their performance.

http://www.guardian.c...oom-pay-packages-soar

But the best example has to be all the self-certification mortgages being handed out and bonuses collected on the sales of such mortgages despite the fact that those taking out the loans had no abiity to repay them.


And Still Cameron is saying the City is being over-regulated!

[Old_Geezer]

Corporate greed is about growing salary differentials when all are supposed to be in the same boat, sharing the same 'pain'. It is about manager salaries shooting sky high when they were already way above the general population, simply because they can do so. And worse, being convinced it is ok, and arguing in favour because they are out of touch with life as everyone else knows it. Having an inflated opinion of their own worth.

[emmie]

offshore accounts, not paying nearly enough corporation tax, depriving the treasury revenue. Company/bank directors awarding themselves massive bonuses, whilst cutting the salary of their underlings, or in Lloyds case chopping half the staff, calling it necessary or voluntary, when it was nothing of the kind.

[Coldicote]

Thanks a lot for these view points. They certainly help towards better understanding, but what could be done about the issues is more difficult to see.

[jake-the-peg]

Well this might be a start:
http://www.bbc.co.uk/news/business-15555812

[NiceCupOfTea]

It started with Slavery - they turned all empathy off so you could cope with the abuse of fellow human beings. This was a trick they used in both the Slave Days and in the entirety of the Ireland Invasions. Now they've turned off the empathy, computers can just get on with it lol

[Ankou]

apart from all that said above, to me it generally means:

higher profit, less staff, less service, higher charges, higher profit (recurring)