Sunday, Nov 15, 2009
Media provokes class warfare
The Times: Bosses’ pay rises defy downturn
The pay of chief executives has carried on rising despite soaring unemployment and widespread pay freezes for rank-and-file workers.
The average five-year pay package of a FTSE 100 boss is £9.6m, according to research compiled by Patterson Associates, a remuneration adviser. The figure, which is rising annually at 7.9%, or seven times the rate of inflation, includes salary, bonuses and long-term incentives.
Posted by devo @ 12:00 AM (519 views) Add Comment
8 Comments
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1. devo said...
"I am considerably richer than yow"
2. Mr Plumbase said...
To be frank inflation is around 8%, the fact that the government fiddles the figures to keep wages in check and consequently leave most of us getting ever poorer year by year has been noticed by those higher up the food chain, they simply deal with the reality of it.
3. markj69 str05 said...
Wakey-Wakey everyone! Alarm bells have beeen ringing for a long time now.
It's unfortunate that those who can make a difference, make a change, don't really care. It's what society has bred. No1 comes first. Politicians, business, everywhere you look. Who really cares so long as they're ok themselves?
4. markj69 str05 said...
This country is now full of individuals and organisations, in all industries, that are concerned with 'self wealth advancement'.
Where are the peoples champions? Knights in shining armour? Trail blazers? And not those that leave a trail of devistation in there wake?
5. markj69 str05 said...
'their wake' - Ooops
6. will said...
revolt-ing.
7. letthemfall said...
The continuation of transfer of wealth from the ordinary and low income workers to the rich. The question is when and how will this end.
8. greenmind said...
I know how it ended in France in 1789