The Masked Tulip Posted February 11, 2011 Share Posted February 11, 2011 Says it will go under if it cannnot renegotiate rents and loans. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted February 11, 2011 Share Posted February 11, 2011 Says it will go under if it cannnot renegotiate rents and loans. Director's total remuneration 2010 £2,593,000 2009 £1,291,000 "The Committee determined that the targets had all been met and therefore the Executive Directors were each entitled to a bonus of 100% of annual basic salary." http://www.jjbcorporate.co.uk/pdf/reports/2010%20-%20Annual%20Report.pdf Quote Link to comment Share on other sites More sharing options...
Pole Posted February 11, 2011 Share Posted February 11, 2011 Director's total remuneration 2010 £2,593,000 2009 £1,291,000 "The Committee determined that the targets had all been met and therefore the Executive Directors were each entitled to a bonus of 100% of annual basic salary." http://www.jjbcorporate.co.uk/pdf/reports/2010%20-%20Annual%20Report.pdf and don't forget that we're all in this together! Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted February 11, 2011 Share Posted February 11, 2011 The FSA fined JJB £455k last month. The FSA has decided to impose a penalty as a result of JJB’s total delay of 9 months and 8 days, between 18 December 2007 and 26 September 2008, to disclose to the market inside information concerning the full amount paid in relation to the acquisitions of OSC and Qube, which gave a misleading impression as to the consideration for the acquisition of both OSC and Qube. The failure to disclose the complete position regarding the consideration for these acquisitions thereby led to the creation and continuation of a false market in JJB’s shares. http://www.fsa.gov.uk/pubs/final/jjbsports.pdf Quote Link to comment Share on other sites More sharing options...
danlee74 Posted February 11, 2011 Share Posted February 11, 2011 (edited) Director's total remuneration 2010 £2,593,000 2009 £1,291,000 "The Committee determined that the targets had all been met and therefore the Executive Directors were each entitled to a bonus of 100% of annual basic salary." http://www.jjbcorporate.co.uk/pdf/reports/2010%20-%20Annual%20Report.pdf Oink! Snort! Snort! Oink Oink! F'ing disgraceful. Someone recently said on these forums (can't remember where, can't remember when, can't remember to what in response to) something like as a policy to raise more tax that any earnings (including bonuses) over 1,000,000 should be taxed at 90%. To that I say "hear hear", close all the tax loopholes that allow the richest to pay a lower proportion of their income in tax and if the 'talent' decides to leave these shores then let them. Hell, I'll even buy their one way plane ticket - we'd be better off without these selfish imbeciles imo. EDITED to say that we know they wouldn't go and any threat to do this is just an empty threat. Edited February 11, 2011 by danlee74 Quote Link to comment Share on other sites More sharing options...
shermanator Posted February 11, 2011 Share Posted February 11, 2011 Says it will go under if it cannnot renegotiate rents and loans. Add into the mix their core customer is skint and it's looking none to good jor JJB. Stores well understocked too - bust by Easter I reckon. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted February 11, 2011 Share Posted February 11, 2011 Director's total remuneration 2010 £2,593,000 2009 £1,291,000 "The Committee determined that the targets had all been met and therefore the Executive Directors were each entitled to a bonus of 100% of annual basic salary." http://www.jjbcorpor...al%20Report.pdf and there are 100,000 small business owners who would take no pay at all to ensure their employees are looked after. Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted February 11, 2011 Share Posted February 11, 2011 Moral Hazard. Not unexpected. If the banksters deserve a bonus (they don't even deserve employment for what they have done) then the directors of all the other companies on the exchange must be worth whatever they can gouge out of the books. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted February 11, 2011 Share Posted February 11, 2011 (edited) Moral Hazard. Not unexpected. If the banksters deserve a bonus (they don't even deserve employment for what they have done) then the directors of all the other companies on the exchange must be worth whatever they can gouge out of the books. The bank bonuses are just a smokescreen to draw attention away from executive pay in general. People don't seem to be connecting the dots between rising prices and rising executive pay. When you look at net profit per unit they sell, the salary excesses must be leading to price increases. Some others I have posted recently: Next S A Wolfson £831k to £1.7m (+109%) C E Angelides £585k to £980k (+67%) D W Keens £560k to £936k (+67%) A J Varley £423k to £789k (+86%) http://www.nextplc.co.uk/nextplc/financialinfo/reportsresults/2009/jan10/jan10-c.pdf HMV Simon Fox £579k to £874k (+51%) Neil Bright £349k to £559k (+60%) Gerry Johnson £312k to £494k (+58%) Robert Swannell £50k to £200k (+300%) http://2010hmvgroup.ry.com/Accounts_and_Downloads/PDFs/directors_rem_report.pdf Kesa Thierry Falque-Pierrotin 2009 to 2010 £521,838 to £2,105,430 http://kesaelectricals.com/results-and-reports#117|tab=136 Halfords 2009 to 2010 David Wild £799,000 to £1,134,000 (+42%) Nick Wharton £384,000 to £555,000 (+44%) Paul McClenaghan £383,000 to £540,000 (+41%) http://www.investis.com/hal/ir/fininfo/reports/rep2010/ar2010/ar2010.pdf Edited February 11, 2011 by Redhat Sly Quote Link to comment Share on other sites More sharing options...
longtomsilver Posted February 11, 2011 Share Posted February 11, 2011 The bank bonuses are just a smokescreen to draw attention away from executive pay in general. People don't seem to be connecting the dots between rising prices and rising executive pay. When you look at net profit per unit they sell, the salary excesses must be leading to price increases. Some others I have posted recently: Next S A Wolfson £831k to £1.7m (+109%) C E Angelides £585k to £980k (+67%) D W Keens £560k to £936k (+67%) A J Varley £423k to £789k (+86%) http://www.nextplc.co.uk/nextplc/financialinfo/reportsresults/2009/jan10/jan10-c.pdf HMV Simon Fox £579k to £874k (+51%) Neil Bright £349k to £559k (+60%) Gerry Johnson £312k to £494k (+58%) Robert Swannell £50k to £200k (+300%) http://2010hmvgroup.ry.com/Accounts_and_Downloads/PDFs/directors_rem_report.pdf Kesa Thierry Falque-Pierrotin 2009 to 2010 £521,838 to £2,105,430 http://kesaelectricals.com/results-and-reports#117|tab=136 Halfords 2009 to 2010 David Wild £799,000 to £1,134,000 (+42%) Nick Wharton £384,000 to £555,000 (+44%) Paul McClenaghan £383,000 to £540,000 (+41%) http://www.investis.com/hal/ir/fininfo/reports/rep2010/ar2010/ar2010.pdf How long will the debasement and profiteering from our currency continue. These directors will lose the will of the people being priced out of the economy. Pretty soon no one will be willing or able to work for £5.93 an hour and they won't get much help from China/India to mow their lawns and wash their bentleys, unless of course there is a serious skills shortage for these types of jobs and the government adds them to the overseas skilled workers list. I hope the rich have set-up home somewhere else as I can see loads of angry proles trampling their pristine lawns if the corruption continues as it is now. Quote Link to comment Share on other sites More sharing options...
Dorkins Posted February 11, 2011 Share Posted February 11, 2011 The bank bonuses are just a smokescreen to draw attention away from executive pay in general. I can choose not to shop at overpriced tat merchants like Next and HMV but I can't prevent the government from taxing me to bail out the banks. I agree that executives are looting FTSE companies in the final hours before the iceberg, but that is a problem for shareholders who can choose not to participate, not taxpayers who can't. Quote Link to comment Share on other sites More sharing options...
longtomsilver Posted February 11, 2011 Share Posted February 11, 2011 (edited) I can choose not to shop at overpriced tat merchants like Next and HMV but I can't prevent the government from taxing me to bail out the banks. I agree that executives are looting FTSE companies in the final hours before the iceberg, but that is a problem for shareholders who can choose not to participate, not taxpayers who can't. We are the shareholders. These shares sit in our pension funds that we have no control over. The slick city Banksters pension fund managers get to decide for us. Edit: the Fund Managers frequent the same wine bars and golf courses as the company CEO and have Chalets at the same Ski Resorts. They're not our friends for sure. Edited February 11, 2011 by tomposh101 Quote Link to comment Share on other sites More sharing options...
Reck B Posted February 11, 2011 Share Posted February 11, 2011 What happened to their talks with JB sports? they could have rebranded as JBJJB Sports. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted February 11, 2011 Share Posted February 11, 2011 I can choose not to shop at overpriced tat merchants like Next and HMV but I can't prevent the government from taxing me to bail out the banks. I agree that executives are looting FTSE companies in the final hours before the iceberg, but that is a problem for shareholders who can choose not to participate, not taxpayers who can't. Private shareholders don't hold enough of the shares to vote down remuneration excesses - they try and fail. Too many of the shares are owned by the people getting the remuneration increases or other institutions who are also aboard the gravy train. The executives award themselves more bonuses based on their company's share performance against a group of other companies (not the FTSE as a whole). Any "dogs" in their group improves their prospects of bonuses. Champagne corks could be popping in boardrooms where JJB were in their firm's TSR group. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 11, 2011 Share Posted February 11, 2011 Director's total remuneration 2010 £2,593,000 2009 £1,291,000 "The Committee determined that the targets had all been met and therefore the Executive Directors were each entitled to a bonus of 100% of annual basic salary." http://www.jjbcorporate.co.uk/pdf/reports/2010%20-%20Annual%20Report.pdf Amazing how failure is so richly rewarded in the capitalist system. Quote Link to comment Share on other sites More sharing options...
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