Quizzes & Puzzles0 min ago
Pay Rises For C E Os
90 Answers
https:/
Do you agree that CEOs should get these huge pay rises and bonuses making the pay gap between them and the staff even wider? I know this happened in the previous years but given the current financial and energy crisis there would be an outcry if figures like this are published.
I've heard this saying so many times lately 'the rich get richer and the poor get poorer'.
Do you agree that CEOs should get these huge pay rises and bonuses making the pay gap between them and the staff even wider? I know this happened in the previous years but given the current financial and energy crisis there would be an outcry if figures like this are published.
I've heard this saying so many times lately 'the rich get richer and the poor get poorer'.
Answers
Best Answer
No best answer has yet been selected by tiggerblue10. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.
The figures have to be published. i hope theres restraint but co's are competing for the best so I expect therell get big rises. At least they'll pay tax at 50% on it. But lets face it if 100 CEOs gave away 1million each that £100million might help a few charitys but wouldnt go far if spread between 30 million household's.
Paigntonian; If the already highly paid get percentage pay rises in excess of those lower down the scale, then the lower paid become relatively poorer, and relative poverty is a real issue. The poorer paid shouldn't be called greedy, whilst the higher paid are treated as though they are simply hard-working and ambitious. A wage differential of 90 or 100 times does not mean that the higher paid are working that much harder then the poorer paid, it just means that the fortunate rich will always want more, and the fortunate rich rarely advocate pay restraint for the well-off. The press and the media bosses are synpathetic to the richer part of society, and they have huge power in spinning the narrative that anyone low-paid who wants to improve the financial position of their families is simply greedy or envious.
If the already rich maintain and increase their pay, they are taking money that could be used to improve the lot of the lower-paid.
A big wealth gap between rich and poor is bad for the country; it causes misery and discontent and a sense on unfairness, which is divisive.
If the already rich maintain and increase their pay, they are taking money that could be used to improve the lot of the lower-paid.
A big wealth gap between rich and poor is bad for the country; it causes misery and discontent and a sense on unfairness, which is divisive.
Paigntonian
//The poor don't get poorer if the rich get richer. A worker who earns 20k a year is not poorer if his boss has a pay rise.//
You are aware of what’s currently going on in the UK, with oil,gas and utility companies making record profits and paying out massive dividends to shareholders as workforces are being told that pay rises are unaffordable?
https:/
https:/
It would appear that a select few are getting richer whilst their workforce see a further squeeze on their cost of living.
But as the millionaires keep telling us ‘we are all in this together’.
Yeah right!
//The poor don't get poorer if the rich get richer. A worker who earns 20k a year is not poorer if his boss has a pay rise.//
You are aware of what’s currently going on in the UK, with oil,gas and utility companies making record profits and paying out massive dividends to shareholders as workforces are being told that pay rises are unaffordable?
https:/
https:/
It would appear that a select few are getting richer whilst their workforce see a further squeeze on their cost of living.
But as the millionaires keep telling us ‘we are all in this together’.
Yeah right!
I'm not sure that (once beyond a certain size) the number of employees is relevant - if I run a business with 100 people I'll be hands-on with most of them, but once beyond 1,000 it's all about delegation and management - which is not much different regardless of total numbers.
There are arguments about profitability and incentives, but very often the highest paid CEOs are running organisations which are either losing money or are bankrolled into profit by the State.
There are arguments about profitability and incentives, but very often the highest paid CEOs are running organisations which are either losing money or are bankrolled into profit by the State.
A cap on CEO salaries as a multiplier of the lowest paid is an absolutely absurd idea.
Barclays have worldwide revenue of $30bn and employ 84,000 people.
The average salary for a cashier is £18k, so "at a stretch" the CEO of this vast organisation shouldn't be paid more than £360k.
Ridiculous idea.
$30bn 84,000 staff
Barclays have worldwide revenue of $30bn and employ 84,000 people.
The average salary for a cashier is £18k, so "at a stretch" the CEO of this vast organisation shouldn't be paid more than £360k.
Ridiculous idea.
$30bn 84,000 staff
Deskdiary
"There is legislation for a minimum wage, why not for a maximum wage?"
/You want to limit how much somebody can earn? Really?/
Why not? Why was a bank boss on £1.2 million salary of a failing bank still in line to receive nearly a million as a bonus, share dividends etc when the bank was already 82% taxpayer owned?
That aside, how much money can you spend in one lifetime? How many hundreds of thousands a year do you need to be ‘comfortable’?
Why does a millionaire married to a billionaire need to use spurious means to avoid tax?
It’s pure, unadulterated greed.
"There is legislation for a minimum wage, why not for a maximum wage?"
/You want to limit how much somebody can earn? Really?/
Why not? Why was a bank boss on £1.2 million salary of a failing bank still in line to receive nearly a million as a bonus, share dividends etc when the bank was already 82% taxpayer owned?
That aside, how much money can you spend in one lifetime? How many hundreds of thousands a year do you need to be ‘comfortable’?
Why does a millionaire married to a billionaire need to use spurious means to avoid tax?
It’s pure, unadulterated greed.
