Reply to: Directors 'earn 120 times more than average employee'

[Dactylion]

I can play Stairway to Heaven on guitar so how come Jimmy Page has more money than me?

I think you'll find that has something to do with "Jimmy Page actually playing Stairway to Heaven..."

Oh That and having quite a bit to do with writing it as well!!

[DodgyAgent]

It's OK it must be tough trying to find Paul Flowers a new position.

He is what happens when socialists run businesses

[ZARDOZ]

It's OK it must be tough trying to find Paul Flowers a new position.

[d000hg]

I had a Twitter discussion with a Socialist type the other day - his first argument was that workers should share in the profitability of the company as they had contributed to its success - he then went on to decry bankers' bonuses so apparently the ideal is for everyone to benefit from success but not so much that people will get envious

A bonus that is directly tied to profit, or better still growth, is different from one you get paid even as the company collapses around you.

[DodgyAgent]

Condescension only works if you get the sentence right.

[ZARDOZ]

Typical garbage from a propeller head who has little understanding of anything that involves humsn contact.

Condescension only works if you get the sentence right.

[DodgyAgent]

The Average CEO of a large public or private organisation is probably no more than a glorified salesman. Usually have less understanding of how the business works than the next couple of tiers of management bellow them, sometimes shockingly so. Most come in, re-organise to some structure that was decided ineffective several years ago, sack a few people and leave having raised the share price but fecked the company in some way. If there were some good ideas, they were probably someone else's.
Are they worth it, probably not but there has to be someone to 'look up to'.

IMHO

Typical garbage from a propeller head who has little understanding of anything that involves humsn contact.

[ZARDOZ]

The Average CEO of a large public or private organisation is probably no more than a glorified salesman. Usually have less understanding of how the business works than the next couple of tiers of management bellow them, sometimes shockingly so. Most come in, re-organise to some structure that was decided ineffective several years ago, sack a few people and leave having raised the share price but fecked the company in some way. If there were some good ideas, they were probably someone else's.
Are they worth it, probably not but there has to be someone to 'look up to'.

IMHO

[Zero Liability]

I had a Twitter discussion with a Socialist type the other day - his first argument was that workers should share in the profitability of the company as they had contributed to its success - he then went on to decry bankers' bonuses so apparently the ideal is for everyone to benefit from success but not so much that people will get envious

Yes, and of course never the losses, even assuming the defunct theory of value he is evoking were correct.

Is the CEO worth 120 times that of an 'average' employee?

I always struggle with this type of info and wonder if it has any relevance or bearing on anything.

The idea behind these headlines is that we should thrown our hands up in horror at the inequality of it all

Indeed. I tend to just shrug them off these days. They're in the same class of sensationalism as Jordan's latest breakup, and rarely reveal anything resembling an understanding of economics.

[VectraMan]

The real frustration is that so many of these high earners seems to lurch from 1 position to another, do nothing and come out £500k to £1 M better off.

While the rewards are high for success then the penalties for failure should be equally harsh.

Which is why it's bizarre there's so much public antagonism towards bonuses. Performance related bonuses are a good thing: it means they have to perform to get the money. We should be angry about high salaries.

How much do top footballers earn? I'd bet it's at least 120 times more than the average director. And for that matter, I can play Stairway to Heaven on guitar so how come Jimmy Page has more money than me?

[LisaContractorUmbrella]

I had a Twitter discussion with a Socialist type the other day - his first argument was that workers should share in the profitability of the company as they had contributed to its success - he then went on to decry bankers' bonuses so apparently the ideal is for everyone to benefit from success but not so much that people will get envious

[Bunk]

Only 10 times for me :-(

You pay your employees £3,000 a year? That's disgraceful!

[Bunk]

The real frustration is that so many of these high earners seems to lurch from 1 position to another, do nothing and come out £500k to £1 M better off.

Not only do they seem able to find another position after screwing up, they usually get a huge golden handshake when they get sacked.

[Project Monkey]

Is the CEO worth 120 times that of an 'average' employee?

I always struggle with this type of info and wonder if it has any relevance or bearing on anything.

The idea behind these headlines is that we should thrown our hands up in horror at the inequality of it all

But in reality a large company may have 1,000's of average employees so when the argument that the CEO' shares/bonuses should be spread around to the staff makes no sense because it means everyone will get like a fiver...

The real frustration is that so many of these high earners seems to lurch from 1 position to another, do nothing and come out £500k to £1 M better off.

While the rewards are high for success then the penalties for failure should be equally harsh.

As we all know, it's got nothing to do with worth.

[vetran]

Is the CEO worth 120 times that of an 'average' employee?

I always struggle with this type of info and wonder if it has any relevance or bearing on anything.

The idea behind these headlines is that we should thrown our hands up in horror at the inequality of it all

But in reality a large company may have 1,000's of average employees so when the argument that the CEO' shares/bonuses should be spread around to the staff makes no sense because it means everyone will get like a fiver...

The real frustration is that so many of these high earners seems to lurch from 1 position to another, do nothing and come out £500k to £1 M better off.

While the rewards are high for success then the penalties for failure should be equally harsh.

there is a reason some people float to the top - they won't flush.

I was all for sending some of the Bank directors to prison, they must of known they were trading while insolvent.