£350k is enough for anyone - says Labour!

[meridian]

So, you're running your 100 million quid business, and you need a CEO that has experience of running businesses of that magnitude. You find a guy, he's damn good, boosting profits of numerous businesses from 100mil to 500mil in just 2 years. Even if he cost 100mil he'd be worth it, to mitigate risk and maximise profit.

But you can only pay him £350k under the law.

Meanwhile another business that's only 5 million quid needs help. They can't pay much, but they can pay £350k since that's chump change.

What happens next? :S

Likewise with it being public sector, the NHS needs a guy to fix their leaky ship that's pissing money away, but they can only pay £350k whereas a private firm can pay £3,500,000 + bonus... all the talent leaves the public sector...

At least they can get Capita in to sort it out, I guess.

The Prime Minister runs the entire country but gets paid a pittance in comparison.

Should the PM also be on £3,500,000 + bonus? If they aren’t, should we fear all the talent leaving the public sector?

Oh.

[NotAllThere]

The Prime Minister runs the entire country but gets paid a pittance in comparison.

Should the PM also be on £3,500,000 + bonus? If they aren’t, should we fear all the talent leaving the public sector?

Oh.

Most MPs would stand even if they had to pay for the honour. The only reason they get a salary is so people who aren't independently wealthy can be MPs. Thin end of the wedge, that was.

[BrilloPad]

My butler is not going to be pleased at his salary being halved.

[NotAllThere]

Indeed. £350K? INKSPE.

[AtW]

Salaries should be set by owners as they see fit - in this case Govt on behalf of public, those who don’t like 350k limit should apply for jobs in private or start their own company.

[vetran]

having worked for CEOs that can encourage people to walk through fire and CEOs that I wouldn't piss on if they were on fire you are wrong. One man or woman can and does make a difference.

[Zigenare]

Except it's not quite like that is it.

It's public sector Chief Execs only, and it's tied to the living wage, so as employees earn more, so do they.



Still, it's a good pitch for a job as a Headline writer for the Wail.

Except it's not quite like that is it?

The Chief exec is tied to the living wage, the rest of the employees aren't.

DaveB, read before you spout your tulipe!

[NotAllThere]

having worked for CEOs that can encourage people to walk through fire...

You're just easily manipulated.

[original PM]

Most MPs would stand even if they had to pay for the honour. The only reason they get a salary is so people who aren't independently wealthy can be MPs. Thin end of the wedge, that was.

Maybe that may have been true 30 years ago but not anymore.

What we have are career politicians - e.g. those people whose lively hood and salary are tied to being a politician - and that is actually quite a large problem as clearly for these people the politics is simple a vehicle for getting paid and feeding their family etc

This can clearly be demonstrated by those politicians who wake up 1 morning and simple change their colours, do you think that is

a) Because they have had a complete change of heart and now have new political opinions and view points

or

b) because the new party offered better benefits.

[WTFH]

Maybe that may have been true 30 years ago but not anymore.

What we have are career politicians - e.g. those people whose lively hood and salary are tied to being a politician - and that is actually quite a large problem as clearly for these people the politics is simple a vehicle for getting paid and feeding their family etc

This can clearly be demonstrated by those politicians who wake up 1 morning and simple change their colours, do you think that is

a) Because they have had a complete change of heart and now have new political opinions and view points

or

b) because the new party offered better benefits.

What about those who change party colours because they are kicked out of their own party for daring to disagree with its leader?