Sunday Times Rich List suggests UK's wealthiest defy recession
http://www.bbc.co.uk/news/uk-17883101
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However I'm not going to subscribe to the idea that all it takes is hard work and faith in yourself. It also takes a hell of a lot of luck to make a fortune from scratch. http://www.thesundaytimes.co.uk/sto/...imes+rich+list |
Re: Sunday Times Rich List suggests UK's wealthiest defy recession
'suggests'?
Weasel words - to paraphrase Yoda, 'are' or 'are not', there is no 'suggest'.... If they are, say so - if not, using 'suggest' is just trying to stir things up.... |
Re: Sunday Times Rich List suggests UK's wealthiest defy recession
Quelle surprise! :rolleyes:
I doubt it's only the UK's rich who're getting richer either. I reckon the rich are getting richer across the globe under governments of all hues as we can see in places like India, China, Brazil and Russia. |
Re: Sunday Times Rich List suggests UK's wealthiest defy recession
From the Sunday Times article...
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Re: Sunday Times Rich List suggests UK's wealthiest defy recession
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If its selling more goods GREAT well done. If its smashing wages and sacking staff then its a disgrace. |
Re: Sunday Times Rich List suggests UK's wealthiest defy recession
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I am against businesses squeezing workers so that they can keep shareholders happy but I am equally dismayed at the current vogue of bashing businesses simply because they might be profitable and have to live in the real world (as opposed to a world of left wing success envy and muddled wishful thinking) |
Re: Sunday Times Rich List suggests UK's wealthiest defy recession
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Businesses that are profitable don't close leaving all their staff unemployed. Businesses that are profitable don't need bailing out, which is what got us into this mess in the first place. Businesses become profitable when they are efficient, and provide products or services people want. So don't knock profitable businesses run by rich people, knock the ones that waste money then expect a handout from us. |
Re: Sunday Times Rich List suggests UK's wealthiest defy recession
What about highly profitable companies that move their production lines abroad to take advantage of cheaper pay rates abroad?it's not illegal and they have every right to do so but it's hardly ethical or moral.
I'm rather fed up by the idea that because a business is profitable that the owners are entitled to treat their workforce like crap.That anything goes in the pursuit of profit.Once you start thinking that it's a short step to treating those who work for you badly. It's a mistake because you eventually end up with a workforce that doesn't trust you,will not put themselves out to work harder than they do already or to work above and beyond for the company.But of course why worry?There are more where they came from. Also how many on that list actually earned the money.How many just inherited it? |
Re: Sunday Times Rich List suggests UK's wealthiest defy recession
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Not saying these three mentioned guilty of the following. JCB shed 2000 jobs in recession 2010 how many he could overted sacking was questionable. He seems largely earned his because JCB expanded in other countries he by in large played fair to his uk workers. However Dyson closed manufacturing side for in uk 2002 shipped it off to malysia. http://news.bbc.co.uk/1/hi/england/2282809.stm However he been feverent advocate to diminish labour rights . Though factory leases is good idea as agree 21 years is steep. http://www.guardian.co.uk/business/2...factory-leases Now not against all downsizing if companies cant clearly survive. Some uk firms downsized to pay bosses bigger wages. Someone cut to meet stupid unrealistic targets to shareholders. Whether later down to companies or shareholders doubt those who lost jobs care. We need to instill to firms smaller profits are fine not expect forever big paydays as long no heavy loses. They should learn the value of there workforce. A happy workforce is productive workforce. However many got drugged on the need to make massive targets of profit to meet it desperately is to sack the staff. The workforce pay price with wages or jobs to maintain unrealistic aims. Its why outsourcing come about. Globalising of industries sadly once one outsources rivals got find there 12p hour slaves. We now seeing result this narrow mindedness the collapsing would not be shocked its part issue on economy failure. Poor wage, lack of sales. However they following at moment the gravy of emerging markets. What happens when they consume those turn predominent countries into third world. Loyal workforce dont mean anything to modern business ethnics of greed.. |
Re: Sunday Times Rich List suggests UK's wealthiest defy recession
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In the end it's the consumers that decide, and price is normally the deciding factor. That's not to say that quality and customer service aren't important too. Quote:
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Richard Branson didn't put a gun to my head when I signed up for broadband. So he gets a tiny percentage of the money I pay each month, I get broadband and lots of people get employed in-between. |
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Oh my, the usual suspects blindly bashing business again. What a turn up for the books eh? :confused: :rolleyes: How many of them have ever run a business do you reckon? :D Easy to bash shareholders too, when without them there'd be precious little business. Most of us are shareholders directly or indirectly via our pension funds and returns do vary quite a lot but of course the usual suspects ever take note that owning shares is a risky business and the dividend returns are linked to performance and go down as well as up. |
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You rightly say its risk so risks it should be if company fails its targets of sales then shareholders should not expect money coming there way. Priority should be company first, workers pay mean those who make production, shareholders, finally then bosses pay. Businesses can be run well or run badly I not saying they all bad. However we seem to gone into global atitude workers are slaves rather valued workers. Now there many still out there who treat workers fantastic. What we seeing too much distribution wealth nobody denys rich there deserts but excessive wealth which we seeing globally will kill the economy. Without people buying goods what will happen stagnation then depression. The reason why people went to credit as pay freezes pay reductions. Some will say above lifestyle hang on with out that lifestyle economy bombs. So effectively many businesses will goto the wall. Business need consumers buying goods but those consumers need jobs and real living wage to buy those goods. Take one out of that circle means death to the economy. If businesses dont employ enough jobs the government has to prop market with volume puplic sector workers. If workers paid pittance there not enough disposable cash to buy goods. 1 alternative ie credit by banks loan market the other is government top ups tax credits. Third do nothing leave it rubbish wage. However for third option you cant have housing utilities sky high. Standard living has to be bombed so there again disposable income to consume goods. Now you can see we all need each other one becomes greedy bosses, business, shareholders, workers it collapses. America had it right years ago they got nice balance why they went away from the restricted wealth god knows. It was there most economic upturn from depression. |
Re: Sunday Times Rich List suggests UK's wealthiest defy recession
But it's not that simple, mertle - as Andrew Sullivan said in yesterday's Sunday Times
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Take my local Sainsburys. They installed self service checkouts apparently to improve customer service. When used properly, they do. However, at my local Sainsburys they frequently only have the cigarette counter and the self service checkouts open. The problem with this (for the customer) is that neither is designed to deal with trolleyloads, with the result that you often get a situation where one person is having to use one self checkout, and is blocking another with their trolley. I am aware that not all Sainsburys stores do this, but I am also aware that Sainsburys is currently reporting massively increased profits. In essence, Sainsburys (like a lot of companies) are putting increased profits above service. They seemingly aren't willing to take the chance that improving the service may well improve sales, and therefore profits. Now, I am not naive enough to think that increasing the number of staff will alway increase profits. It doesn't, and you just end up with staff standing round doing nothing, which is neither profitable or good for the company image. They need a balance though. I think the problem is (and the reason these companies are being criticised) that a lot are replacing UK staff either with machines (in the case of the supermarkets) or with call centres in other countries, or just closing branches, complaining about costs, all while reporting record profits, and, in a lot of cases, record salaries and bonuses for those in charge. Yes, the companies need to be profitable, but they don't need to report record profits every year, and on the flip side, the economy really needs at least some of the people being affected by this to have jobs. |
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