Pathetic...

[dang65]

I understood that the organisation in question (CDC Group) invested money in businesses in poorer countries, allowing them to start up or expand, employ a local workforce, export goods... and return profit on the original investment. In other words, doing exactly what most people feel should be done. But I only read that in the paper, so it might be completely untrue.

[xoggoth]

Why is there a government organisation addressing world poverty at all?

Food aid alone simply increases the population and makes a worse problem down the line. Without the organisation in the countries concerned, even apparently more long term help achieves nothing. Look at all the money spent to provide wells in Africa, most of them are allowed to fall in disrepair.

Not saying we should forget about the third world but anything organised here will produce no long term improvement. The governments concerned must find and drive the solutions. The best role we can have is to selectively provide aid to those, like Uganda, who are making effective measures to help themselves and encourage them by trade.

[BoredBloke]

The Beeb have this also

"The salary of CDC Group chief executive Richard Laing rose from £383,000 in 2003 to £970,000 in 2007, the Commons Public Accounts committee found. "

How the hell did he manage that? He was already on 32k a month but managed to get it bumped up to a mere 81k a month. Good effort that man.

[BrilloPad]

"But a DFID spokesman insisted it had been good value for money and that its executives' pay was being closely tied to performance."

So looks like the DFID are well paid too.

How do I get on this gravy train?

[Menelaus]

Private Eye have been running a campaign about CDC for a while.

[FSM with Cheddar]

Quite a lot of people are obscenely overpaid though, aren't they? This guy actually does a decent job which generates work and funds for people living in poverty around the world, but he's somehow worse than all those moneygrabbers that often end up causing poverty??

He's not doing a decent job though. He has made lots of money for the company, but has invested in the wrong countries, and hasn't made any change to poverty.

[dang65]

Quite a lot of people are obscenely overpaid though, aren't they? This guy actually does a decent job which generates work and funds for people living in poverty around the world, but he's somehow worse than all those moneygrabbers that often end up causing poverty??

[ThomasSoerensen]

http://www.dailymail.co.uk/news/arti...t-poverty.html

Why pathetic.

They succeeded at eliminating poverty in at least one home. His home.

[AZZIK]

http://www.dailymail.co.uk/news/arti...t-poverty.html