Originally Posted by RizzyKing
All that needs to happen is common sense coming back no more paying large amounts for lousy performance all pay should be linked to performance and under those circumstances i don't think anyone would have a problem. I also think pay should be a two way system if you don't perform well your pay can be reduced nto automatically rise each year. We really need to be careful in the UK because we are on the verge of another witchhunt against successful people that this country desperately needs more of because there are sections of society that cannot see past their own envy on this subject.
see where you coming from rizzy but even if like said would been sensible we would seen this issue hit 20-50 years from know.
I not sure about pay shrink as you cant do it for the top without bottom would be not right morally. I am not sure its witchunt more for pay to be come sensible. Pay bonuses to be more sensible. I know why you saying it the fear for brain drain in this case CEO's will go seak fortunes elsewhere cripple other countries. Problem this thinking its happening globally. Us having the same oposition to these payoffs. Infact more inclined it maybe the demise of massive global businesses. I am sure at some point we will see legislation to break them up.
It exscelated due to greed I saw the ex retired CEO cant remember his name on BEEB.
He talked alot sense said the modern CEO got to show huge responsibily.
TheDaddy sadly many wont as they either been there done it on the tin hense some votings been close. Its basically cartel situation where shareholders get nice payoff to keep quiet. Last few years there nest egg dwindled only now they moan.
Thats why think the government not going far enough. Deals will be made to keep shareholders happy while payoffs lavish saleries continue.
Like Ex CEO said these madern CEO need to learn to show more responsibility or be legislated too. that could be links to bottom paid workers can only earn 10 times theres salery as example. Still would give them lavish pay and if they want super pay then increase workers to get the pay.
Not say 10 times absolute we could say 15 but it would then make index link to pay scale for companies.
I know many say we should not interfere but I cant see common sense like rizzy says happen unless legislation does it.
If we can get this as Europe system even world stage theres then safety net.