FTSE 100 bosses earn UK average salary in three days, says High Pay Centre
Moderator: Long slender neck
-
- Bored office worker
- Posts: 2688
- Joined: Thu Apr 11, 2019 9:34 pm
- Has thanked: 103 times
- Been thanked: 420 times
FTSE 100 bosses earn UK average salary in three days, says High Pay Centre
Right Wingers argue that this will incentivise workers and revitalise the economy. Not so sure, myself.
- Hoover Attack
- Boardin' 24/7
- Posts: 5297
- Joined: Thu Nov 16, 2023 10:41 am
- Has thanked: 684 times
- Been thanked: 1349 times
Re: FTSE 100 bosses earn UK average salary in three days, says High Pay Centre
If they're not paid these amounts, they'll all go abroad and leave us to struggle without them.
- Dunners
- Boardin' 24/7
- Posts: 9120
- Joined: Thu Apr 11, 2019 4:21 pm
- Has thanked: 1083 times
- Been thanked: 2528 times
Re: FTSE 100 bosses earn UK average salary in three days, says High Pay Centre
Exactly. We'll end up with our leading companies being run by the corporate equivalent of tuffers.
-
- Bored office worker
- Posts: 2688
- Joined: Thu Apr 11, 2019 9:34 pm
- Has thanked: 103 times
- Been thanked: 420 times
Re: FTSE 100 bosses earn UK average salary in three days, says High Pay Centre
Thing is there are quite a few examples of corporate leaders making a mess-up of things and being paid off with huge golden handshakes.Hoover Attack wrote: ↑Thu Jan 04, 2024 9:10 am If they're not paid these amounts, they'll all go abroad and leave us to struggle without them.
- Rich Tea Wellin
- MB Legend
- Posts: 10618
- Joined: Thu Apr 11, 2019 7:01 pm
- Has thanked: 4598 times
- Been thanked: 3284 times
Re: FTSE 100 bosses earn UK average salary in three days, says High Pay Centre
It’s the equivalent of George Moncur earning the Os average yearly wage in 3 training sessions. Does it incentivise the other players?
-
- Bored office worker
- Posts: 2688
- Joined: Thu Apr 11, 2019 9:34 pm
- Has thanked: 103 times
- Been thanked: 420 times
Re: FTSE 100 bosses earn UK average salary in three days, says High Pay Centre
These people. The fella who is the MD of Nat West Bank saying that it is easy to buy a house….Empathy is not part of his skill set, obviously.
- Dunners
- Boardin' 24/7
- Posts: 9120
- Joined: Thu Apr 11, 2019 4:21 pm
- Has thanked: 1083 times
- Been thanked: 2528 times
Re: FTSE 100 bosses earn UK average salary in three days, says High Pay Centre
It's not even about empathy - a bank Chairman doesn't really need that. It's about basic economic awareness - a bank Chairman should be expected to have that. His comment was moronic.
His comment was that now, as always, prospective buyers will have had to save over time to acquire a sufficient deposit to buy a house. But comparing the experience of a first time buyer now with one just a few decades ago is a false comparison. Most FTBs now are reliant upon parents or grandparents gifting them money, as saving has become next to impossible due to how much of their income goes on rent.
And, the average time it now takes a FTB to save for a deposit has, er, significantly increased. The model is broken.
His comment was that now, as always, prospective buyers will have had to save over time to acquire a sufficient deposit to buy a house. But comparing the experience of a first time buyer now with one just a few decades ago is a false comparison. Most FTBs now are reliant upon parents or grandparents gifting them money, as saving has become next to impossible due to how much of their income goes on rent.
And, the average time it now takes a FTB to save for a deposit has, er, significantly increased. The model is broken.
- Currywurst and Chips
- Boardin' 24/7
- Posts: 6313
- Joined: Sun Dec 22, 2019 10:40 am
- Has thanked: 396 times
- Been thanked: 1507 times
Re: FTSE 100 bosses earn UK average salary in three days, says High Pay Centre
It’s all about priorities. If Gen Zers just cut out the luxuries like Pret and eating dinner out they could easily afford a mortgage deposit in a few years if they have a rich Dad
-
- Tiresome troll
- Posts: 1468
- Joined: Sun Aug 13, 2023 5:26 am
- Has thanked: 733 times
- Been thanked: 114 times
Re: FTSE 100 bosses earn UK average salary in three days, says High Pay Centre
Bond and Gilt Vigilantes control the markets across the world and are so powerful these days they could do things that would make most World leader’s hair stand on end.
-
- Regular
- Posts: 3197
- Joined: Thu Apr 11, 2019 9:03 pm
- Has thanked: 1664 times
- Been thanked: 909 times
Re: FTSE 100 bosses earn UK average salary in three days, says High Pay Centre
I'm always amazed at people's concern over top bosses pay. I get far more alarmed to find that some idiot in local government is paid £200-300k to run its services into the ground. Far more examples of those about than bad FTSE 100 bosses.
-
- Bored office worker
- Posts: 2688
- Joined: Thu Apr 11, 2019 9:34 pm
- Has thanked: 103 times
- Been thanked: 420 times
Re: FTSE 100 bosses earn UK average salary in three days, says High Pay Centre
Newspaper owners (who do not always pay tax in this country) want their readers to believe that local government workers earn these vast sums. Only very few do - I am not sure they deserve these sums either. I am more concerned about the v wealthy people such as Robert Maxwell and Phillip Green who run off with people's pension entitlements. I see that MIchelle Mone - one of the chief beneficiaries of the PPE scandal, is facing something of a reckoning.LittleMate wrote: ↑Sat Jan 06, 2024 1:20 pm I'm always amazed at people's concern over top bosses pay. I get far more alarmed to find that some idiot in local government is paid £200-300k to run its services into the ground. Far more examples of those about than bad FTSE 100 bosses.
- Currywurst and Chips
- Boardin' 24/7
- Posts: 6313
- Joined: Sun Dec 22, 2019 10:40 am
- Has thanked: 396 times
- Been thanked: 1507 times
Re: FTSE 100 bosses earn UK average salary in three days, says High Pay Centre
2,800 at the last count
- Dunners
- Boardin' 24/7
- Posts: 9120
- Joined: Thu Apr 11, 2019 4:21 pm
- Has thanked: 1083 times
- Been thanked: 2528 times
Re: FTSE 100 bosses earn UK average salary in three days, says High Pay Centre
Worth every penny. Leave highly paid public sector workers and their expense accounts alone.
-
- Regular
- Posts: 3197
- Joined: Thu Apr 11, 2019 9:03 pm
- Has thanked: 1664 times
- Been thanked: 909 times
Re: FTSE 100 bosses earn UK average salary in three days, says High Pay Centre
What like the finance head at Thurrock? Was only on £150k a year and busted the council.
-
- Regular
- Posts: 3197
- Joined: Thu Apr 11, 2019 9:03 pm
- Has thanked: 1664 times
- Been thanked: 909 times
Re: FTSE 100 bosses earn UK average salary in three days, says High Pay Centre
Agree on the specific points you make. There needs to be rules about companies taking "loan repayments" or paying dividends when there are pension scheme arrears. There will be in the years to come, I hope. Michelle Mone and her husband are just wrongun's. Mone was promoted into political life because of her financial success - and guess what? She used her acumen to make herself (directly or indirectly) a shed load of money. Needs the book throwing at her.Give it to Jabo wrote: ↑Sat Jan 06, 2024 6:18 pmNewspaper owners (who do not always pay tax in this country) want their readers to believe that local government workers earn these vast sums. Only very few do - I am not sure they deserve these sums either. I am more concerned about the v wealthy people such as Robert Maxwell and Phillip Green who run off with people's pension entitlements. I see that MIchelle Mone - one of the chief beneficiaries of the PPE scandal, is facing something of a reckoning.LittleMate wrote: ↑Sat Jan 06, 2024 1:20 pm I'm always amazed at people's concern over top bosses pay. I get far more alarmed to find that some idiot in local government is paid £200-300k to run its services into the ground. Far more examples of those about than bad FTSE 100 bosses.