Jump to content
House Price Crash Forum
Sign in to follow this  
Van

Uk Stagflation - Panorama

Recommended Posts

Kinhell!!!

"The supermarkets have kept prices down and have low profit margins"

They obviously didn't look at how much their salaries have gone up

Sainsburys 2009 to 2010

Justin King £2,048,000 to £3,348,000 (+63%)

Mike Coupe £937,000 to £1,407,000 (+50%)

Darren Shapland £967,000 to £1,542,000 (59%)

http://www.j-sainsbury.co.uk/ar10/downloads/pdf/Sainsburys_AR10_Full.pdf

Morrisons

Increase the maximum annual bonus potential for Executive Directors from 100% of base

salary to 200% of base salary for 2010/11.

Increase the level of Long Term Incentive Plan (LTIP) awards for Executive Directors

(with the exception of the incoming Chief Executive) for 2010/11 from 200% of salary to

240% of salary. The incoming Chief Executive will receive an LTIP award equal to 275% of salary.

These award levels are within the individual limit of 300% of salary contained in the LTIP rules.

The Committee, therefore, very quickly took certain steps to this end and agreed to an additional LTIP award of

100% of salary to these two individuals, in addition to the 200% of salary award already received

in 2009/10

http://www.morrisons.co.uk/Global/Images/Corporate/Annual%20Report/Morrisons_AnRep10.pdf

Tesco

Terry Leahy £9.1m to £15.6m

http://www.thisismoney.co.uk/news/article.html?in_article_id=517324&in_page_id=2

annual bonus payouts ranged from 60% to 90% of maximum.

The maximum potential bonus was 250% of salary for the Group

CEO , 300% of salary for the US CEO and 200% of salary for other

Executive Directors;

• long-term incentive payout was 90% of a potential maximum of

100% of salary;

• no material changes to policy, remuneration mix or scale of incentives;

• deferred awards, already earned from prior years, representing

4.6 million shares became available to Directors;

http://www.tescoplc.com/annualreport09/downloads/

M&S

Let’s take it one helping at a time. In year one Bolland will receive £975,000 basic. He’s entitled to the company’s maximum 250pc bonus, worth up to £2.44m, if he outperforms the consensus of analysts’ expectations. He will then receive an “exceptional” award of shares under the company’s Performance Share Plan worth 400pc of salary, or £3.9m. He won’t be able to get his hands on this last bit of his £7.3m year-one package until 2013.

But this level of compensation compares more than favourably with Sir Stuart Roses’s starting package in 2004/05 when he was parachuted in on a starting salary of £850,000 plus signing-on fee of £1.25m to defend the company from Sir Philip Green’s takeover bid. Even doing two jobs as executive chairman, Sir Stuart is currently paid a £1.13m salary.

But M&S is also picking up the tab to compensate Bolland for leaving his previous pay pile at Morrisons. This adds up to £7.5m. The ingredients of this little dish are £1.6m in cash and £1m in shares for his 2010 awards, plus another £4.9m granted as he walks through the M&S door for Morrisons shares not vesting until 2011 and 2012.

http://www.telegraph.co.uk/finance/comment/damianreece/7131563/Marc-Bollands-MandS-pay-package-is-too-rich-to-swallow.html

Share this post


Link to post
Share on other sites

' We wouldn't be able to afford the family holiday '

My heart bleeds purple p!ss. Your holiday isn't a right.

I want high interest rates screw em.

Share this post


Link to post
Share on other sites

Hauliers...do these guys really have a fair case? Do they really have rivals? Trains? Very suspicious of the hauliers' case.

Edited by cica

Share this post


Link to post
Share on other sites

Ah good to see i am halping out the Beaties.

A family holiday!

Despit earning 15k a year more than them and having no big debts i cannot afford to put myself in a nice semi in the home counties. Oh for the luxury of 'retraining'.

Sentance being a tosspot.

Share this post


Link to post
Share on other sites

Ah good to see i am halping out the Beaties.

A family holiday!

Despit earning 15k a year more than them and having no big debts i cannot afford to put myself in a nice semi in the home counties. Oh for the luxury of 'retraining'.

Sentance being a tosspot.

I thought it was just me thank God for HPC, watching this garbage I want to put my fist through my flat screen. 'Home Owners' Bah!!

Share this post


Link to post
Share on other sites

I thought it was just me thank God for HPC, watching this garbage I want to put my fist through my flat screen. 'Home Owners' Bah!!

Not sure my TV is gonna survive the next 15mins.

Share this post


Link to post
Share on other sites

I thought it was just me thank God for HPC, watching this garbage I want to put my fist through my flat screen. 'Home Owners' Bah!!

You are not alone. This is painful. Unreality rules where the feckless win.

I am really starting to hate this country.

Share this post


Link to post
Share on other sites

To sum up so far

Food prices have risen but supermarkets are keeping prices down for us

Wage rises are non existent (no mention of supermarket bosses pay)

People's mortgages have dropped by £100's but they are still struggling

The Antichrist said that interest rates cannot go up or else people with mortgages would suffer

Builders need low interest rates

A 3 person panel voting about interest rate rises but 2 say keep them low because they won't lower inflation (no mention of sterling devaluation)

Share this post


Link to post
Share on other sites

...and the point of that programme was?

It was BBC property porn.

People in debt are victims and interest rates must be kept low to help them because even if they rise it wouldn't stop inflation. Don't worry things are expensive now but inflation will drop again (as if that means prices will go down not just raise slightly slower).

Share this post


Link to post
Share on other sites

Nichola Horlick invests in Ponzi schemes. How retarded was the statement she just made?

Wow, that woman is unbelievably stupid. The BoE has no control over inflation created overseas -- as if the 30% fall in sterling has nothing to do with 300 year record low interest rates?

I chalked up her "investments" with Bernie Madoff as deceitful greediness (how much did she charge in commission to her investors for supposedly managing their money?) but I guess it really was due to a complete lack of brain cells.

Share this post


Link to post
Share on other sites

Oh my god they have just had the Antichrist on.

Tony Blair? Gordon Brown? Ed Balls? Rick Berman? (ooops, sorry, wrong forum).

There are so many possibilities.

Share this post


Link to post
Share on other sites

Wow, that woman is unbelievably stupid. The BoE has no control over inflation created overseas -- as if the 30% fall in sterling has nothing to do with 300 year record low interest rates?

I chalked up her "investments" with Bernie Madoff as deceitful greediness (how much did she charge in commission to her investors for supposedly managing their money?) but I guess it really was due to a complete lack of brain cells.

Ive never seen anyone make that link between weak sterling and inflation, on here let alone in mainstream media. And yet surely that is the largest cause?

Share this post


Link to post
Share on other sites

Ive never seen anyone make that link between weak sterling and inflation, on here let alone in mainstream media. And yet surely that is the largest cause?

A lot of people make that connection -- largely because it's textbook economics. Anyone who has studied economics at the most basic level would say that devaluation leads to inflation. Ms Horlick was a law graduate.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.