FTSE 100 chief executives 'earn average salary within 3 days'
06/01/2021 | news | business | 1,645
FTSE 100 chiefs will by Wednesday have earned more this year than the average worker's annual wage.
1
06/01/2021 11:00:38 483 66
bbc
Big business makes lots of profit and execs pay themselves big out of it, sometimes putting them in offshore tax havens.

Then they own media outlets, lobby politicians into acting for their interests and sell stories that tell us what we should be outraged by, so we don’t get outraged at the real problems in society they cause.

The result: they get richer while we fight over lesser issues.
9
06/01/2021 11:03:47 58 22
bbc
'Wonderif' how much you need to be happy?

Is it greed?
37
Pip
06/01/2021 11:07:13 9 2
bbc
Rule and divide, amongst themselves.......?
90
06/01/2021 11:13:55 63 7
bbc
Even worse, they acquire viable companies, take out massive loans against the value of the companies assets and then mysteriously the company goes bust while the execs and shareholders pocket pocket huge bonuses and dividends. The joys of modern global capitalism.
158
06/01/2021 11:20:18 74 7
bbc
Spot on, especially last point - Pensioners against the young, low paid against the unemployed, migrants v those on benefits. Could go on.

We are manipulated by a few rich members of society.
228
xlr
06/01/2021 11:27:59 13 15
bbc
Very true. But the left have been complicit in their own destruction as well, much to the glee of the right.
229
06/01/2021 11:28:14 18 5
bbc
Well said. There is dirty politics high up in every organisation. The lower your level within organisation, or society the worse your treatment. Let them get consumed by their greed. Don't worry. Life on earth is not internal. End of the day, everyones grave will be the same size.
244
06/01/2021 11:29:11 10 46
bbc
So what's stopping you from doing the same and becoming a philanthropist ... morals or inability ?
245
06/01/2021 11:29:31 14 2
bbc
ain't that the truth.
Removed
377
06/01/2021 11:40:50 3 22
bbc
Swap roles. Let's see how well you do.
449
06/01/2021 11:47:48 15 6
bbc
Its called capitalism and the general population of suckers keep falling for it. Its not a special type of capitalism, this is its goal. People need to wake up and smell the coffee and learn they are being propagandised into voting against their interests. No, you cannot all become billionaires and its not worth the endless suffering for us to be given the "opportunity".
504
06/01/2021 11:52:52 13 2
bbc
Well said, couldn’t be truer. We have allowed the rich to undermine society for too long
524
06/01/2021 11:55:08 15 0
bbc
Strictly speaking they don’t earn their salaries, they just decide how much they can take out of the pot. However, if a business is doing well then all employees should benefit but the extra money often goes to the shareholders, which includes the execs themselves.
605
06/01/2021 12:01:38 2 9
bbc
Has anyone fact checked this - it is 100% wrong
847
06/01/2021 12:30:46 6 0
bbc
And that's the problem- they move the money offshore so there is no "trickle down effect"
853
06/01/2021 12:31:14 7 4
bbc
Sigh, yet another absolute statement provided on effectively a social media platform which is jumped on as "100% fact" by the mass public, most of whom have literally no idea about economics, politics, big businesses, how they are structured, run and the requirements of these jobs... Which is probably why you don't have these jobs... Also remember companies don't exist as a public service!
876
06/01/2021 12:34:11 2 3
bbc
Oops conspircay theory - alert

If only people were bright enough to create, enforce and hide conspiracies - we'd have cured cancer twice by now.
939
06/01/2021 12:42:03 0 0
bbc
Very true.
06/01/2021 13:15:38 0 1
bbc
Well said. And they have certainly been making hay during the virus pandemic diverting our attention elsewhere by attempting to bring us to our knees.
2
06/01/2021 11:01:42 6 19
bbc
Probably because we don't live in Communist Russia.
8
06/01/2021 11:03:20 17 1
bbc
So it's either this or communism? Surely there's a happy medium to be had somewhere along the line?
11
06/01/2021 11:04:16 5 2
bbc
Russia hasn't been communist for decades.
18
06/01/2021 11:04:59 0 3
bbc
Where is Guy Fawkes when the country needs him!
21
Pip
06/01/2021 11:05:13 1 1
bbc
Where...........?
35
06/01/2021 11:06:56 6 1
bbc
Russia is not communist - it is a totalatarian state.
44
06/01/2021 11:08:31 3 3
bbc
All that would mean is that the rich get even richer and there are even more poorer people. Look at Putin, at least here we have the luxury to complain, There and in China and most other communist states if you complain you have a habit of disappearing. I know where I would rather live
3
06/01/2021 11:01:48 75 32
bbc
Revolution ???
6
06/01/2021 11:02:38 59 17
bbc
Count me in!
52
06/01/2021 11:09:53 12 10
bbc
We've had our revolution for the next few decades, Brexit, and all it did was change who gets to exploit us. And not even that in most cases.
85
06/01/2021 11:13:03 2 4
bbc
Yes.

But people that would stand to benefit from it (most people) would stand in the way of it.
100
06/01/2021 11:14:43 8 9
bbc
That went well for the Russian population when the Bolsheviks snatched power.
219
06/01/2021 11:26:56 12 6
bbc
Beware what you wish for, revolutions never benefit the ordinary folk, they just replace elected governments with tyrants.
808
06/01/2021 12:25:37 3 3
bbc
As in general unrest, violence and destruction? that would ultimately be paid for by the general, decent working populace? You really should be sorry sorry sorry.
06/01/2021 12:51:58 1 1
bbc
You usually find those with nowt to loose scream for a revolution have nothing to loose and live off the state.

You want to be careful if there is a revolution you will have to get off your bum and do something because there will be no more hand outs.
4
06/01/2021 11:02:05 50 32
bbc
Thus it has always been the Rich get Richer and the Poor get Poorer.
23
06/01/2021 11:05:15 89 17
bbc
Not quite true - from 1997-2011that gap was closing in the UK. It's only been the last 10 years or so that it's been growing again.

This isn't a veiled anti-Tory comment, it's just the way it is.
25
06/01/2021 11:05:30 2 15
bbc
Incentive, it is what makes the world go around.
776
06/01/2021 12:21:19 0 0
bbc
Not even close - with wealth creation the gap may grow, but those at the bottom are better off.

Just look at standards of living in the 70's compared with today.
815
06/01/2021 12:26:24 1 1
bbc
In the spectrum of ability that is humankind, some at one end are able to get on and advance and at the other end they haven't a clue, are useless at money management and will always be poor - that's human nature. I've always maintained that; find yourself a village, give everyone £1m, come back a year later and they will have re-separated into rich and poor again, that's just how it is.
5
06/01/2021 11:02:06 82 21
bbc
Gary Lineker
Last year - £1.75 million from BBC = £33k pw
Taking 23% cut this year = £1,347,500 = £25,913 pw

To talk about football for 1.5 hrs for 36 wks of the year
Free from pressure.
Not to lead and ensue a company survives, but to chat.

You were saying?
Gary does important humanitarian work like housing refugees. What do you do to help others less fortunate? Removed
16
06/01/2021 11:04:54 12 25
bbc
Ah lovely! The first whataboutery from the anti BBC people on the BBC site.
26
06/01/2021 11:06:09 9 2
bbc
Doesn't this statement tell you everything that is wrong about these pay levels. But of course Joe public endorses it because they are happy to keep paying the extortionate prices companies ask for products/services endorsed by celebrities.
27
06/01/2021 11:06:12 19 3
bbc
Yes, but be fair ... he only trousers £1,000,000 from Walkers for eating a few bags of crisps, that's really hard work.
40
06/01/2021 11:07:52 8 2
bbc
If they paid the rightfull amount of TAX the public might see this differently, but they don't.

Who was it who said:
"if they earn it here they will pay TAX here"
49
06/01/2021 11:09:46 5 26
bbc
Get yourself involved if you think you can do it at a lower price. The free market will decide after all.

£1.75m p.a. is about 50p a year per licence fee paying household btw. He's worth far more than that just for baiting the Gammonz IMO.
06/01/2021 12:59:07 11 0
bbc
In the real world you pay talent to get ratings to attract advertising. So why does the BBC pay this much? I would be just as happy listening to Jim down the pub, and he would do it for a free packet of pork scratchings ??
3
06/01/2021 11:01:48 75 32
bbc
Revolution ???
6
06/01/2021 11:02:38 59 17
bbc
Count me in!
7
06/01/2021 11:03:11 8 21
bbc
Happy "Fat Cat" Day! How nice to see that the politics of envy continues to thrive in our brave new locked down world.
2
06/01/2021 11:01:42 6 19
bbc
Probably because we don't live in Communist Russia.
8
06/01/2021 11:03:20 17 1
bbc
So it's either this or communism? Surely there's a happy medium to be had somewhere along the line?
154
06/01/2021 11:19:59 1 3
bbc
Do you mean someone like Mystic Meg!
1
06/01/2021 11:00:38 483 66
bbc
Big business makes lots of profit and execs pay themselves big out of it, sometimes putting them in offshore tax havens.

Then they own media outlets, lobby politicians into acting for their interests and sell stories that tell us what we should be outraged by, so we don’t get outraged at the real problems in society they cause.

The result: they get richer while we fight over lesser issues.
9
06/01/2021 11:03:47 58 22
bbc
'Wonderif' how much you need to be happy?

Is it greed?
473
06/01/2021 11:50:18 14 0
bbc
The problem is that big companies use their power and influence to teach the majority that they cannot be happy unless they have that luxury item, that big house, that foreign holiday. The primitive parts of our brains don't really understand that advertising isn't reality, it thinks the actors are our friends and that this is what they are doing and buying, so we should to.
579
06/01/2021 11:58:56 3 1
bbc
wonderif - about £40K generally. Much more than that doesn't make people happier. Just more powerful.
914
06/01/2021 12:38:55 0 0
bbc
its all for the best - the worse off the 'average worker' the better they are motivated to direct, milk and then either sell off or blow up their companies.
the bbc took note of this years ago - it now employs few 'average workers'.
948
06/01/2021 12:43:26 2 0
bbc
As much as you routinely spend to be happy (or just a little more).

When you spend what you have and are still unhappy, then they problem is not a shortage of money. Look elsewhere for the cause.
06/01/2021 12:51:04 1 0
bbc
How much do you need to make you happy? And would you turn it down if offered more?
10
06/01/2021 11:04:01 11 21
bbc
And the reason for this news story is......? (oh right to cause another argument between rich and poor whilst living in a capitalist world that funds a license fee that is guaranteed, gotcha)
391
06/01/2021 11:42:02 1 0
bbc
it is worthy of consideration though isn't it. Although it's not a Tory v Labour issue as some would see it. Not sure what can be done, but it seems grossly distorted. Although if you took half of an average CEO's salary in the FTSE and shared it equally to all employees, no-one would be much better off.
2
06/01/2021 11:01:42 6 19
bbc
Probably because we don't live in Communist Russia.
11
06/01/2021 11:04:16 5 2
bbc
Russia hasn't been communist for decades.
94
06/01/2021 11:14:14 0 2
bbc
So what is it
5
06/01/2021 11:02:06 82 21
bbc
Gary Lineker
Last year - £1.75 million from BBC = £33k pw
Taking 23% cut this year = £1,347,500 = £25,913 pw

To talk about football for 1.5 hrs for 36 wks of the year
Free from pressure.
Not to lead and ensue a company survives, but to chat.

You were saying?
Gary does important humanitarian work like housing refugees. What do you do to help others less fortunate? Removed
56
06/01/2021 11:10:19 3 6
bbc
Posts day and night on social media and reads the DM no doubt
66
06/01/2021 11:11:23 13 3
bbc
What does doing important humanitarian work have to do with it being ok for the licence payer to pay him £26k a week for 1.5 hrs work, 36 weeks of the year? the 2 are completely unrelated
Removed
14
bbc
Removed
15
06/01/2021 11:04:36 125 18
bbc
I wouldn't mind so much if it was performance related pay, company value increases by £10 million, CEO gets paid £1 million fair enough. But so many of these high flying positions are jobs for the boys where millions are paid to run the company into the ground while the normal workers pay the price.
160
06/01/2021 11:20:21 11 51
bbc
Can you name 3?
260
06/01/2021 11:30:15 11 2
bbc
When you say 'company value' that means market value on the stock exchange. Tesla is now worth a trillion dollars but its underlying financials are a fraction of that. It is speculation and Musk did nothing if note to get there this year, it is Covid related speculation on govt spending on green to aid economic recovery.... ditto companies buying back their own shares rather than invest.
314
06/01/2021 11:35:20 8 48
bbc
What rubbish. I doubt you could name any of the chief Executives of any of the FTSE 100, and have any clue about their backgrounds and how long they have been in office. Only the best survive long, and they are worth their salaries
502
06/01/2021 11:52:29 4 20
bbc
I think you are thinking of a different age mate. Jobs for boys are in the government and subsequent contracts for fake companies.

In private sector only the best survive and get to a position of power in the modern world.
715
06/01/2021 12:13:41 0 7
bbc
Another resident of fantasy island
721
06/01/2021 12:14:30 6 0
bbc
You really don't understand big business do you. There are a number of ways a company could grow in value by £10m some of which you wouldn't think are good. Rationalising and increasing efficiency by reducing the number of employees for example, or moving company HQ to a more tax friendly country, so putting all current employees out of a job. Do you still want to reward them for that?
5
06/01/2021 11:02:06 82 21
bbc
Gary Lineker
Last year - £1.75 million from BBC = £33k pw
Taking 23% cut this year = £1,347,500 = £25,913 pw

To talk about football for 1.5 hrs for 36 wks of the year
Free from pressure.
Not to lead and ensue a company survives, but to chat.

You were saying?
16
06/01/2021 11:04:54 12 25
bbc
Ah lovely! The first whataboutery from the anti BBC people on the BBC site.
46
06/01/2021 11:09:00 9 3
bbc
So you're the guy that meant I couldn't start my name with a capital letter; I've finally tracked you down!
17
06/01/2021 11:04:57 78 12
bbc
Nothing new, but seems to be getting worse rather than better. Interesting how if it gets questions it is classed as "envy". Rich will always protect themselves.
70
06/01/2021 11:11:50 42 83
bbc
It *is* envy. Why would *anyone* care what someone else is earning? People need to focus on improving their own lives, doing their own job in an exceptional way, and making the most of opportunities when they arise. Nobody is born as a CEO, nobody became a CEO by worrying that someone else earned 'too much' (whatever that might mean), and nobody became a CEO without putting in the hard work.
344
06/01/2021 11:37:46 5 18
bbc
Rubbish, any Chief Executive who isn’t performing would be sacked. The FTSE100 is owned by shareholders, most of which are pension funds and they all want the companies to make profits
06/01/2021 15:33:54 1 0
bbc
There's nothing intrinsically wrong with envy, people need something to aspire to in order to better themselves. The problem lies when someone who is no more intelligent or educated than I am, who doesn't work more hours than I do, gets to land a cushy job because of the accident of who their relatives are. Despite how hard I work, I can never be on an equal footing. So I just choose to be happy.
2
06/01/2021 11:01:42 6 19
bbc
Probably because we don't live in Communist Russia.
18
06/01/2021 11:04:59 0 3
bbc
Where is Guy Fawkes when the country needs him!
19
06/01/2021 11:05:04 13 6
bbc
It is obscene, but many companies are successful because of the CEO putting in measures which grow companies and boost profits. What really rankles is CEOs that get obscene pay but also do a bad job. It's unsurprising that the gap has widened if pay for everyone goes up 5% per year, the pay gap also goes up by 5% per year, and the gap doubles after 14 years.
20
06/01/2021 11:05:12 7 7
bbc
Does it really matter?
The question is whether the average salary is fair for employees.

If a company is successful then the people that own/run it should receive the financial benefits.
120
06/01/2021 11:16:32 1 1
bbc
Your point IS the point that's being made.
2
06/01/2021 11:01:42 6 19
bbc
Probably because we don't live in Communist Russia.
21
Pip
06/01/2021 11:05:13 1 1
bbc
Where...........?
22
06/01/2021 11:05:13 30 20
bbc
Thats almost as much as the friends of Tory MPs made from Covid
4
06/01/2021 11:02:05 50 32
bbc
Thus it has always been the Rich get Richer and the Poor get Poorer.
23
06/01/2021 11:05:15 89 17
bbc
Not quite true - from 1997-2011that gap was closing in the UK. It's only been the last 10 years or so that it's been growing again.

This isn't a veiled anti-Tory comment, it's just the way it is.
368
06/01/2021 11:40:15 9 2
bbc
Actually your dates are wrong, the gap has been widening since the 80s (check the data from the ONS) both here and in USA, under both left and right leaning governments. One problem is that we encourage the idea that you don't owe anything to the society that raised you so many of the rich also dodge taxes
06/01/2021 13:32:39 0 0
bbc
Yes but on top of that inequality reduced by a very large margin post WW2 up to 1970's. Historical facts that are inconvenient to pessimists.
24
06/01/2021 11:05:22 56 19
bbc
It is an incredibly unfair situation in ALL spheres of employment, not just FTSE companies; the workers and lower end managers do the majority of the work whilst the shareholders, and top managers get the majority of the pay. Until we have a major overhaul and a worldwide ban on such outlandish pay structures, and profit chasing, is in place this unfairness will always remain.
222
06/01/2021 11:27:05 24 32
bbc
Shareholders take a risk lending their money to a company and can lose their entire stake. The FTSE lost over a third of its value during the early part of COVID and who knows what will happen to dividends over the next few years. If Shareholders don't lend their money to a company it cannot operate - you don't understand how companies work.
256
Dez
06/01/2021 11:29:51 11 1
bbc
The unfairness is not just remaining though. The unfairness is increasing. The CEO that got 20 or 50 times the workers salary in the past is now getting 120 to 150 times that. Not because we have fewer large companies and fewer top managers either.
348
06/01/2021 11:38:02 1 1
bbc
while I agree with you, that simply isn't going to happen.
545
06/01/2021 11:55:59 6 1
bbc
Agree. People should be paid in proportion to the work they do, not the assets they own.
Can't be right for some to work 2 or 3 jobs without earning enough for food & rent when others do naff-all & trouser the bulk of the profits.
588
06/01/2021 12:00:11 2 6
bbc
It will never happen. If the shareholders dont make enough profit they wont invest. Its not worth the risk for low return. No investment, all business suffers. Investors will simply walk away. Ban high pay and the high earners will simply go elsewhere also where its not banned to the detriment of business overall. Tax too much & the same thing.
4
06/01/2021 11:02:05 50 32
bbc
Thus it has always been the Rich get Richer and the Poor get Poorer.
25
06/01/2021 11:05:30 2 15
bbc
Incentive, it is what makes the world go around.
555
06/01/2021 11:56:49 5 1
bbc
Incentive does not always have to be about money though.
The huge pay expected by CEOs is often so they can feel superior.
They can't possibly spend it all.
Even worse that they often try to keep it all to themselves in tax havens.
Why do they hate the rest of us so much?
xlr
06/01/2021 13:10:48 1 0
bbc
Disincentive is equally powerful. It probably explains the UK's productivity problem. Why work your guts out when you'll never be able to be a CEO or get that pay yourself, no matter how skilled or dedicated you are?
5
06/01/2021 11:02:06 82 21
bbc
Gary Lineker
Last year - £1.75 million from BBC = £33k pw
Taking 23% cut this year = £1,347,500 = £25,913 pw

To talk about football for 1.5 hrs for 36 wks of the year
Free from pressure.
Not to lead and ensue a company survives, but to chat.

You were saying?
26
06/01/2021 11:06:09 9 2
bbc
Doesn't this statement tell you everything that is wrong about these pay levels. But of course Joe public endorses it because they are happy to keep paying the extortionate prices companies ask for products/services endorsed by celebrities.
5
06/01/2021 11:02:06 82 21
bbc
Gary Lineker
Last year - £1.75 million from BBC = £33k pw
Taking 23% cut this year = £1,347,500 = £25,913 pw

To talk about football for 1.5 hrs for 36 wks of the year
Free from pressure.
Not to lead and ensue a company survives, but to chat.

You were saying?
27
06/01/2021 11:06:12 19 3
bbc
Yes, but be fair ... he only trousers £1,000,000 from Walkers for eating a few bags of crisps, that's really hard work.
28
06/01/2021 11:06:12 7 7
bbc
Is that not one of Britain's biggest problems,those who can, do and will award themselves ridiculous salaries. This is partly why the UK is not competitive with the rest of the world, our wages are to high and reflected in our production costs.
29
06/01/2021 11:06:22 7 12
bbc
A lot of these guys have worked their way up through their companies to get there though or mortgaged their houses to support a growing business, took the lower paid work as they did. No-one deserves to be paid on that scale though a lot of it is profit related. Most of them still earn less than a lot of footballers...
30
06/01/2021 11:06:36 7 8
bbc
Don't worry because the Tories will sort this out. Not via contracts for chronies mind but I'm sure they're going to sort it out........
31
06/01/2021 11:06:43 418 21
bbc
I have no issue with a high salary in return for heavy responsibility and good results. But many of these salaries are now simply obscene and completely unjustifiable.
Removed
185
06/01/2021 11:23:05 2 11
bbc
Which in particular are you referring to?
196
06/01/2021 11:24:47 13 27
bbc
NHS Consultants and Managers for example !
274
06/01/2021 11:31:10 8 3
bbc
well said, they should be getting less % and net increase per year increase than those below to enable the trend to at least start reversing. That said who would turn the money down if it was offered to you.
280
06/01/2021 11:31:40 34 1
bbc
Correct, it's the relative disparity that's the issue here not the fact they earn more, or even a lot more, which is fine ... within reason.
288
06/01/2021 11:32:19 36 2
bbc
Yes I came here to say the same - having worked in several larger companies I do not envy the workload and life of the CEOs and they earn big money IMO but the level of reward needs to be more balanced and fair.
326
06/01/2021 11:36:20 8 2
bbc
Yep, but I bet you still use Amazon et al???
467
06/01/2021 11:49:52 18 1
bbc
The justification in this article is that CEO's deserve big salaries as they might die.
That's a grotesque double standard, that saddles the rest of us as wage slaves.
507
06/01/2021 11:53:12 0 4
bbc
Given these are FTSE 100 companies whose shares are majority held by pension funds and similar - they are under intense scrutiny from the managers that look after these
528
06/01/2021 11:55:20 1 3
bbc
Surely that all depends on what you regard as "obscene" or "completely unjustifiable", and why should your definitions run things?
560
06/01/2021 11:57:08 10 0
bbc
The fact is that those jobs have a closed set of candidates, setup by the existing members of chief execs. A significant percentage of the population could do the job just aswell and probably with less corruption.
The real problem is lack of competition in certain markets, like banking, insurance and energy. We need to see regulation that encourages newer smaller companies.
574
06/01/2021 11:58:17 7 0
bbc
The claim is always that they've got to offer the high pay to attract the best people. But there's no proof that actually get the right people!

I've seen a senior manager start a new section of the business by taking over a successful small company, running it and getting a new top job elsewhere by being so 'successful'!
The new businesses closed within a year, with massive losses.
586
06/01/2021 11:59:48 4 0
bbc
Other countries have successful companies and pay their executives a lot less. So why can't the UK and USA?
630
06/01/2021 12:04:09 4 0
bbc
My issue is with the seeming lack of actual accountability for these executives. If a company is 'failing' the CEO often just leaves the firm, with their contract paid up, and a massive pension pot.
It seems they are never sacked for poor performance ?
779
06/01/2021 12:21:00 1 0
bbc
You are absolutely right. 'obscene' is the exact word!
06/01/2021 14:14:29 0 1
bbc
High remuneration packages need to be justified only to shareholders, based on performance. They are really not the concern of anyone else.
32
06/01/2021 11:06:46 45 10
bbc
'Wonderif' we need to sequestrate all UK territories off shore accounts and release the money when it is proved to be legal and who owns it?

HMRC already does it to domestic PAYE accounts. Guilty until you prove yourself innocent.

Would that go a long way easing the nation debt?
143
06/01/2021 11:18:56 19 19
bbc
No, it wouldn't. There would be huge capital flight from Sterling when the rich moved their money, the pound would crash and interest rates for the UK would increase thus making the situation worse. You have to fix tax havens in co-operation with other countries and do it slice by slice over a period of years.
242
06/01/2021 11:29:01 5 2
bbc
Good idea, I think all money over a modest amount moved from UK accounts should have 30% tax on it. I think that would stop businesses and the rich syphoning money away to avoid tax.
895
06/01/2021 12:36:40 3 0
bbc
You do know the lack of arrangements is intentional? We have to be seen to be making an effort to "fight" these injustices, but at the end of the day the UK doesn't want to push more businesses and wealthy domiciles away, at the same as making it look like we're doing something for the general public calling afoul.
33
06/01/2021 11:06:51 138 19
bbc
New World Order that keep on making the 1% super wealthy and powerful and the rest fighting for little things... and it carries on
223
06/01/2021 11:27:29 107 6
bbc
hasn't it always been this way though? not sure what the answer is, capitalism, communism, socialism, feudalism, they all end up with an rich elite, because no matter the ideology, people are greedy.
702
06/01/2021 12:11:55 2 1
bbc
A comparison of the standard of living back in the 70's will indicate the benefit of wealth creation for all.
34
06/01/2021 11:06:51 220 21
bbc
This is pretty obscene. However, worse than this, is the way the majority of major companies have held workers pay artificially low and cut headcount to boost profits and pay huge dividends, just to hide that they are just do not growing as fast as the 'market' wants them to, (see IBM as an example over the past 30 years).
The effect of this is so much worse than a few highly paid individuals.
518
06/01/2021 11:54:20 44 147
bbc
Companies pay as little as they can to get a job done, thats common sense. Would you go out of your way to pay £100 for a product if you could get it for £80? Competition makes the world more efficient for all. There is currently over supply of workers, hence no trouble getting people on lower wages. Sounds like a boss doing what he or she is paid to do to me.
596
06/01/2021 12:00:54 15 4
bbc
Most of the shareholders in FTSE100 companies are our pension funds so the money is generally not going to individuals. There was definitely a wobble in the pensions industry in 2020 when firms receiving government financial help were required to severly reduce or cut dividends. This "us & them" approach to the profits of big business is a much greyer area than many seem to realise.
613
06/01/2021 12:02:24 14 0
bbc
Indeed I was recently made redundant (just before CV19 Jan 2020), I save alot of money for my company with my particular skills and innovation, and was able to demonstrate that in my consultation period, those costs will go up without my specific input. The mgt agreed but said the large corporation that recently purchased the company "needed to reduce headcount".
626
06/01/2021 12:03:59 5 3
bbc
Yep -but where do you think this all goes? I'll tell you - into pension funds, endownment policies, ISA's and similar as they hold the shares. Who provides governance - the people who manage the shares for these funds. Who decides how much they are paid - thats right; the shareholders
2
06/01/2021 11:01:42 6 19
bbc
Probably because we don't live in Communist Russia.
35
06/01/2021 11:06:56 6 1
bbc
Russia is not communist - it is a totalatarian state.
36
06/01/2021 11:07:00 170 19
bbc
Yes, they should be paid well, but there has to be a limit. An ever increasing divide in society is illustrated at its worst in this sector. Even when the profits, pensions, shares are down these CEOs reward themselves ridiculously generously.
176
06/01/2021 11:22:04 56 79
bbc
CEO's rarely, if at all reward themselves. Pay and rewards are set by a board.
182
06/01/2021 11:22:58 24 7
bbc
I would like to see a cap on the ratio between the top paid and the bottom. Never going to happen but if no-one earned any more than 5x the lowest full time salary then I think that would improve things for all.
253
xlr
06/01/2021 11:29:46 33 3
bbc
The rules that govern working life are completely different for senior management.

They also don't get punished for poor performance. At worst, they "move on to new opportunities" in a different company. Usually with huge payoffs.
276
06/01/2021 11:31:15 5 15
bbc
And how do you do that? Most FTSE 100 companies are multinationals that have to pay the going rate for the best talent, and could be based anywhere. For example the mining companies which make up a significant % of the FTSE 100 have very little business in the U.K, and if they and their Management moved abroad this would have a significant impact on U.K. tax revenues
396
06/01/2021 11:42:15 4 14
bbc
Just a point of fact: CEOs don't reward themselves. The board does and the shareholders have to agree it.
557
06/01/2021 11:56:52 2 6
bbc
Why should there be a limit? Creating limits stifles drive and performance. Pay is simply a function of what you are worth to a boss/company. Thats why some jobs command low wages, because many people are able to do the job and competition drives wages down. Fact of life.
594
06/01/2021 12:00:43 6 1
bbc
And other countries have successful companies where the erxecutives are not paid these sums
970
06/01/2021 12:47:27 0 0
bbc
and one hand washes the other.

Richly reward success, then equally punish failure.
06/01/2021 13:16:30 0 1
bbc
fair pay to those you employ, of course, but why a limit? If i owned a multibillion £ business that i built from the ground up then surely i'm entitled to pay myself what i want and deserve? Why should some third party dictate that theres a limit to my financial success? That hardly seems fair.
06/01/2021 13:53:08 0 0
bbc
Bit like MPs?
1
06/01/2021 11:00:38 483 66
bbc
Big business makes lots of profit and execs pay themselves big out of it, sometimes putting them in offshore tax havens.

Then they own media outlets, lobby politicians into acting for their interests and sell stories that tell us what we should be outraged by, so we don’t get outraged at the real problems in society they cause.

The result: they get richer while we fight over lesser issues.
37
Pip
06/01/2021 11:07:13 9 2
bbc
Rule and divide, amongst themselves.......?
38
06/01/2021 11:07:15 13 9
bbc
An extortionate salary to usually destroy the company and then move on to the next victim, a large % of these so called "High Flyers" I came across we're pretty clueless ???????? A bit like the BBC actually ??????????????
39
06/01/2021 11:07:43 54 26
bbc
https://www.equalitytrust.org.uk/scale-economic-inequality-uk#:~:text=Wealth%20in%20Great%20Britain%20is,contrast%2C%20own%20just%209%25.

The answer?
Let's slash tax credits for the low paid, give more tax concessions to the wealthy & grab a 7.5k payrise for ourselves as we tell nurses where to go.
What UN report on child poverty?

And people vote for these hateful crooks!
166
06/01/2021 11:21:04 12 4
bbc
not sure cronyism in politics is exclusive to one side or the other, they are all crooks. If you can get rid of a politician you should do is my motto. The less we need the less we pay.
606
06/01/2021 12:01:40 2 0
bbc
Because the alternative was so dangerous to the average working person.

If you vote Tory you accept the cronies and fatcats but generally assume they will protect the £ in your pocket.

Vote Labour and the fear is the left will pillage the middle to level up the bottom.
Genuinley hoping Starmer can clean house and offer credible opposition with a moderate left. like 1997, withouth the WMD lies
06/01/2021 13:42:33 0 0
bbc
I thought that the article was about CEOs, not politicians.
Your comment appears to be a moan about the current government, which is no better, nor worse than those which preceded it. Being owned by industrialist or unions, which is worse?
With regard to the article, good CEOs are worth their weight in gold. Profitable companies are good for everyone.
06/01/2021 14:21:25 0 0
bbc
Think you will find there was NO pay rise as agreed by all which incidentally was put forward by an independent commission
5
06/01/2021 11:02:06 82 21
bbc
Gary Lineker
Last year - £1.75 million from BBC = £33k pw
Taking 23% cut this year = £1,347,500 = £25,913 pw

To talk about football for 1.5 hrs for 36 wks of the year
Free from pressure.
Not to lead and ensue a company survives, but to chat.

You were saying?
40
06/01/2021 11:07:52 8 2
bbc
If they paid the rightfull amount of TAX the public might see this differently, but they don't.

Who was it who said:
"if they earn it here they will pay TAX here"
41
Bob
06/01/2021 11:07:54 6 13
bbc
Because they are the boss?

Deal with it.
42
06/01/2021 11:08:03 269 28
bbc
Capitalism has its many faults, but this wealth and power in the hands of a few businesses is more akin to feudalism.
193
Tom
06/01/2021 11:24:32 50 3
bbc
I have genuinely learned something from the comments section today. ????
286
06/01/2021 11:32:12 10 1
bbc
Exactly. Bread, circus and temporarily embarrassed millionaire syndrome.
351
06/01/2021 11:38:33 15 2
bbc
Feudalism - it's your count that votes!
459
06/01/2021 11:48:53 5 5
bbc
stop making excuses - this is pure capitalism.
581
06/01/2021 11:59:09 12 0
bbc
Not so much akin to feudalism - it is feudalism.
642
06/01/2021 12:04:59 12 0
bbc
Free market competition only works to a point, after a while emcumbants stop competiting and reach some sort of stable market segregation. The fact that new competition is called "disruption" says it all. Gov't need to make is easier for new business to get started.
762
06/01/2021 12:19:23 2 7
bbc
Sounds like you need to go and do some research on Feudalism and Serfdom before you make such ridiculous comments.
888
06/01/2021 12:35:38 1 1
bbc
Except it isn't a few

Once it was a handful and it's becoming more all the time

Come back in 10 years and see if it's less
907
06/01/2021 12:37:59 1 0
bbc
Nope. More akin to a plutocracy perhaps but absolutely nothing like feudalism.
06/01/2021 13:06:04 3 1
bbc
Monopolisation is the logic of capitalism. The evidence is before our eyes for all to see. It got tinkered with post war. However, that led to too much equality and there was a rulers revolt, hence the difficult times a lot of people live in now. Still, people seem to like sucking it up as they keep voting for it.
06/01/2021 13:31:59 0 0
bbc
One thing Covid has taught us. When the chips are down in a pandemic or a war the state has to take control.

If it had been left to private companies only interested in profit, the death rate would have been much closer to the 250,000 predicted. Its already a tragedy a right wing Tory gov has already delivered over 70,000 dead by not taking tougher action. In shutting the borders for example.
43
06/01/2021 11:08:03 103 25
bbc
One of the things wrong with the country.

Huge salaries for not a lot of effort the higher you move up. Then you get a free seat on someone elses board, do nothing and get even more. Nepotistic, cronyistic self aggrandizing and self enrichment for a few.

Then the self awarded pay increases. Sound a bit like parliament!
59
06/01/2021 11:10:35 36 59
bbc
And you'd know the workload because you own which ftse 100 company?
117
06/01/2021 11:16:29 18 2
bbc
And they form a club to award each other pay rises.. called renumeration committees.
372
06/01/2021 11:40:31 11 13
bbc
You haven’t a clue, you don’t know what chief executives of a FTSE 100 company does, their decisions create and protect thousands of jobs, and create the profits which pay our pensions. Only the best survive long
2
06/01/2021 11:01:42 6 19
bbc
Probably because we don't live in Communist Russia.
44
06/01/2021 11:08:31 3 3
bbc
All that would mean is that the rich get even richer and there are even more poorer people. Look at Putin, at least here we have the luxury to complain, There and in China and most other communist states if you complain you have a habit of disappearing. I know where I would rather live
179
06/01/2021 11:22:44 3 2
bbc
Russia as not been communist for several decades and China is far from the days of Chairman Mao & is really running a system of state capitalism.However people in general in both countries have seen their incomes go up & therefore accept the situation.Whilst in the UK we have seen a loss of true democracy whilst incomes have fallen considerably for everyone except the very rich, hence our division
45
06/01/2021 11:08:46 144 41
bbc
Nothing compared to the average salary of a Premier League ticket payer to that of a Premier League Player.
132
06/01/2021 11:16:16 20 52
bbc
Jeff Bezos compared to the average salary of amazon prime subscribers... same thing isn't it? If the football clubs make as much money as they do, where do you think that money should go? Premier league clubs alone contribute £3.3billion in taxes. If it doesn't go into the pockets of the players then where does the revenue go other than the pockets of the club owners.
186
Tom
06/01/2021 11:23:30 14 5
bbc
Movie stars? Tax paid BBC 'celebs'? Formula one drivers?

Always go straight to footballers in their privately funded occupation. Their wage is in relation to demand. Most watched league in the world means they get paid more than players in Turkey or Portugal.
224
06/01/2021 11:27:32 22 4
bbc
The difference is, a premiership ticket holder makes their choice when they buy their ticket - they know where the money's going (more or less), they know what they're getting for their money and decide whether they want to spend that money or not.

Very few of us can afford to leave a job "because the boss is paid disproportionately more than me".
330
ET
06/01/2021 11:36:38 6 10
bbc
That is a choice that the ticket payer makes.
The employee has no choice except to go elsewhere, which will be exactly the same.

Top earners should be on maximums, calculated as a multiple of the lowest paid, or the median salary. That way everyone benefits.
353
06/01/2021 11:38:41 12 5
bbc
Difference for footballers is they have a unique skill which is in high demand as set by the billions of fans around the world. I actually don't have a problem with it because it's probably the truest meritocracy in the world.
If fans stopped liking and paying for it, obscene money in football would dry up over night. They are the gladiators of our day.
636
06/01/2021 12:04:43 3 0
bbc
Blame the working class footballers. Classic Tory. How about the millions taken by bankers when they made huge losses and had to be bailed out?
658
06/01/2021 12:06:46 4 0
bbc
What's the point you are trying to make? Defending the poor oppressed CEO?
06/01/2021 12:59:32 0 1
bbc
That's because these ticket-payers have been brainwashed into believing that they have to follow and support "their" team,( which will never be theirs), and they haven't the brain power or the will to stay away. If no-one purchased the tickets, the price would drop - market forces - and so would players' pay. Sadly, for many, pointless ball-kicking has become some form of religion or something.
06/01/2021 13:12:48 0 0
bbc
The relevance of this comment is?
06/01/2021 13:28:47 1 0
bbc
Football players get fair compensation for the value they create, without them billions of pounds generate by the premier league wouldn't exist and they get paid for it. The problem is your average worker doesn't get fair compensation for their value, for example without people in the warehouses amazon couldn't be worth what it is yet the workers get paid peanuts.
06/01/2021 13:41:02 0 0
bbc
Football is one of the few industries where the employees receive a proportionate wage based on their value to the company.
06/01/2021 16:51:54 0 0
bbc
Are you trying to criticise one of the few industries that actually rewards the people who are doing the work rather than the CEOs?

By the way, the average premier league player is probably on say £50k a week aka £25m a year which isn't too different to some of the mega CXOs out there, and certainly pales into insignificance vs the like of Bezos who is mentioned here too.
16
06/01/2021 11:04:54 12 25
bbc
Ah lovely! The first whataboutery from the anti BBC people on the BBC site.
46
06/01/2021 11:09:00 9 3
bbc
So you're the guy that meant I couldn't start my name with a capital letter; I've finally tracked you down!
47
06/01/2021 11:09:02 8 9
bbc
So mentioning that socialists are jealous of the earnings of hard working business owners is enough to get your comment removed?? How very petty!!
78
06/01/2021 11:12:35 6 3
bbc
How many 'socialists' hide billions offshore to avoid paying their fair shate of taxes like the rest of us?
115
06/01/2021 11:16:04 2 1
bbc
I don't think anyone is "jealous" either socialists or capitalists, just consternation in the disparity of wages. I know the old "but they earn their money" idea which is fine, I have no problem with that like many others. I think the problem here is you with your labels and narrative.
116
06/01/2021 11:16:20 2 1
bbc
I am no socialist but they are overpaid, and when they fail they get more money as a pay off for being useless. Something is not quite right.
48
06/01/2021 11:09:37 8 8
bbc
Conservatives call this politics of envy when directed at Tory donors, righteous anger when directed at Union members.
102
06/01/2021 11:14:45 2 2
bbc
Yes, let's talk about the salaries of the Union bosses too.
5
06/01/2021 11:02:06 82 21
bbc
Gary Lineker
Last year - £1.75 million from BBC = £33k pw
Taking 23% cut this year = £1,347,500 = £25,913 pw

To talk about football for 1.5 hrs for 36 wks of the year
Free from pressure.
Not to lead and ensue a company survives, but to chat.

You were saying?
49
06/01/2021 11:09:46 5 26
bbc
Get yourself involved if you think you can do it at a lower price. The free market will decide after all.

£1.75m p.a. is about 50p a year per licence fee paying household btw. He's worth far more than that just for baiting the Gammonz IMO.
06/01/2021 14:15:56 4 0
bbc
But it is not the BBC just taking care of itself with your money, must have dozens of heath correspondents just to name one bracket and why does Z Ball need around 1million pay rise for losing listeners.
Not sure what the aim of this article is, but I would suggest that the BBC look within before raining too much criticism on others.
For a publicly funded organisation to be paying massive salaries to executives and 'stars' is a disgrace - especially when so many who were previously exempt from paying a license fee are now expected to pay to fund these inflated salaries.
Glasshouses, stones.Anyone?
Removed
Not to mention the 258million over 5 yrs the EU gave to the BBC!

https://edm.parliament.uk/early-day-motion/34956/eu-funding-of-the-bbc
Removed
92
06/01/2021 11:14:04 1 2
bbc
To be fair, they're only paying that to men as the courts pointed out out....
99
06/01/2021 11:14:31 1 2
bbc
Totally agree, but this does deflect from that fact. I expect being a service broadcaster that will be the next story. Reading out loud person get's paid 10 times more than teachers.
136
06/01/2021 11:18:19 1 1
bbc
Whatboutery
51
06/01/2021 11:09:51 6 10
bbc
So the BBC have used the Ctrl(C) Ctrl(V) again to copy this story which they have run for the past 10 years... how about some real news story, not copy and repeat every year...
3
06/01/2021 11:01:48 75 32
bbc
Revolution ???
52
06/01/2021 11:09:53 12 10
bbc
We've had our revolution for the next few decades, Brexit, and all it did was change who gets to exploit us. And not even that in most cases.
271
xlr
06/01/2021 11:31:00 6 5
bbc
That's usually how revolutions turn out.

Reform is always better.
773
Al
06/01/2021 12:18:01 7 0
bbc
There was nothing revolutionary about Brexit in any way shape or form. It was a broadly meaningless admin issue blown wildly out of proportion by the media and the middle class.
54
06/01/2021 11:10:06 10 4
bbc
What a surprise, those at the top contribute very little but have their snouts deep in the trough. nothing changes
82
06/01/2021 11:12:52 4 1
bbc
they do pay taxes but their wages are ridiculous.
55
06/01/2021 11:10:13 4 4
bbc
Same news story every year
521
Ian
06/01/2021 11:54:41 1 2
bbc
That's the problem. And Bozo ?? says he's levelling up. It's all hot air.
Gary does important humanitarian work like housing refugees. What do you do to help others less fortunate? Removed
56
06/01/2021 11:10:19 3 6
bbc
Posts day and night on social media and reads the DM no doubt
57
kr1
06/01/2021 11:10:23 7 7
bbc
irresponsible headline - my staff consider me their boss, they are on minimum wage while I am on not much more.
BBC The word BOSS includes more people not earning huge salaries than are.
87
06/01/2021 11:13:38 3 2
bbc
The headline says "FTSE 100 chief executives 'earn average salary within 3 days'"

Are you the boss of a FTSE 100 company?
88
06/01/2021 11:13:50 4 1
bbc
You're assuming your employees are too dumb to be able to understand the article correctly?
58
06/01/2021 11:10:27 5 11
bbc
Ah well that's life and life isn't there to be fair to everyone. Just look after yourself and if you desire more money and things then work for it and do as they do.

I personally am happy with my lot. It's enough.
80
06/01/2021 11:12:47 5 2
bbc
I think the point is that you "can't just work hard and end up with x120 the average salary"
43
06/01/2021 11:08:03 103 25
bbc
One of the things wrong with the country.

Huge salaries for not a lot of effort the higher you move up. Then you get a free seat on someone elses board, do nothing and get even more. Nepotistic, cronyistic self aggrandizing and self enrichment for a few.

Then the self awarded pay increases. Sound a bit like parliament!
59
06/01/2021 11:10:35 36 59
bbc
And you'd know the workload because you own which ftse 100 company?
159
06/01/2021 11:20:20 23 10
bbc
I do not need to own a FTSE 100 company most publish their accounts so you can read them! But you appear not to have known that?

Maybe you should stick to HYS's that discuss the round window.
380
06/01/2021 11:41:07 17 4
bbc
They cannot possibly work any harder than a small business owner. Unless they own some sort of time machine and can do 1000 hours work a day.
785
06/01/2021 12:22:15 1 1
bbc
So true
896
06/01/2021 12:36:42 9 1
bbc
spot on - my dad was a company director - no way I'd work that hard for what he earned and then be critcised as being a 'fat cat' by people who wouldn't have the first clue about running a bath, never mind a business.
06/01/2021 12:57:09 0 0
bbc
If it was 10 time that of a minion it would almost certainly kill them. Not of course that the work is entirely comparable, but insofar as it is.
60
06/01/2021 11:10:47 5 12
bbc
Typical BBC getting the headline wrong yet again. For correction purposes, the headline should read: NHS Executives earn average salary within 3 days. Whilst at the same time denying anybody treatment who hasn't got Covid or needs a vaccine. Good old Sir Simon!
61
06/01/2021 11:11:08 5 1
bbc
pigs in a trough
62
06/01/2021 11:11:12 8 1
bbc
I'd create an extra tax rate (maybe 5%) specifically for individuals earning more than £1m from dividends or share sales.

The rich would still get richer but it would be fairer than the old 50% tax rate, and less easily avoided.
112
06/01/2021 11:15:21 4 1
bbc
This is a really good idea!
06/01/2021 13:54:43 0 0
bbc
Higher taxation has been tried, several times, and it doesn't much matter if its on PAYE, Shares, Dividends, Bonus, or any other flavour of income / capital gains.

What really happened each and every time:

1. The rich leave the country / domicile elswhere "for tax purposes"
2. The rich hide their money better, legally or not
3. The net tax revenue falls
4. We are all slightly worse off
63
06/01/2021 11:11:20 14 8
bbc
Most of these "high flyers" actually earn less than premiership footballers earn just for kicking a ball around a field !!
775
06/01/2021 12:19:08 0 4
bbc
Just kicking a ball around in an industry that generates billions, employees hundreds of thousands of people. They are the stars that 0.014% of the world's population that make is to the top of the profession. Simple supply and demand. Simple jealously is all you are showing.
64
06/01/2021 11:11:22 112 12
bbc
Perhaps to be neutral we should use the word 'receive' rather than 'earn'?
826
BD
06/01/2021 12:27:50 19 3
bbc
Well said!!
65
Waz
06/01/2021 11:11:23 7 6
bbc
Revolution is coming!

We can't continue with the growing disparity, elitism, growing poverty, societal hypocrisy, political distrust, etc. The population are getting fed up with their treatment and the glass will spill soon
84
06/01/2021 11:12:57 1 3
bbc
No it isn't
197
06/01/2021 11:24:47 0 2
bbc
Spoken like a true socialist. If you lot put in as much h effort working as you do being jealous of others, you would be earning too! Population is fed up. With people like you trying to rob others of their hard earned wealth!
Gary does important humanitarian work like housing refugees. What do you do to help others less fortunate? Removed
66
06/01/2021 11:11:23 13 3
bbc
What does doing important humanitarian work have to do with it being ok for the licence payer to pay him £26k a week for 1.5 hrs work, 36 weeks of the year? the 2 are completely unrelated
67
Ian
06/01/2021 11:11:23 9 12
bbc
Wealth inequality ...

It is Thatcher's ? legacy

It is Boris' ?? secret agenda

Don't believe the hype ... the Conservative way is to concentrate wealth generation in the top 1% ... it's the people who fund the party and the people who vote for the party.

If you're in the north and vote Conservative, you're wasting your vote. Whatever they say, they don't care.
98
06/01/2021 11:14:29 2 4
bbc
You'd rather the poor were poor as long as the rich we less rich
106
06/01/2021 11:15:04 0 3
bbc
If only 1% voted Conservative, they'd never get an MP.
181
06/01/2021 11:22:47 0 2
bbc
Complete fabrication to ensnare persons such as yourself. Seems to be working. ANYONE has the potential to earn as much, they just need to apply themselves. Where you live is not an excuse. Lets face it. Your comment, and others like it are borne of jealousy.
68
06/01/2021 11:11:26 4 1
bbc
C£30billion is paid by way of tax credits etc. to low paid workers....meanwhile their employers CEOs are paying themselves millions.....Perhaps it time to have a law that no CEO can be paid more than c£100k if he employs anyone on less than a true living wage....This would hopefully save billions in benefits..and go some way to reduce the ration of workers wages to their bosses.
69
06/01/2021 11:11:42 2 2
bbc
"In the past 60 years, unexpected CEO deaths have consistently affected stock price, profitability, investment and sales growth - for better or worse,"

So workers are forfeiting fortunes in Scrooge wages to fund a greedy CEO. But half the time, the company' gets better off the moment she dies?
And that's from someone paid by greedy CEOs to lobby for greedy CEOs.
17
06/01/2021 11:04:57 78 12
bbc
Nothing new, but seems to be getting worse rather than better. Interesting how if it gets questions it is classed as "envy". Rich will always protect themselves.
70
06/01/2021 11:11:50 42 83
bbc
It *is* envy. Why would *anyone* care what someone else is earning? People need to focus on improving their own lives, doing their own job in an exceptional way, and making the most of opportunities when they arise. Nobody is born as a CEO, nobody became a CEO by worrying that someone else earned 'too much' (whatever that might mean), and nobody became a CEO without putting in the hard work.
128
06/01/2021 11:17:29 32 7
bbc
Yes because we live in a pure meritocracy don't we? Where only the best rise to the top? And I'm sure it's absolutely nothing to do with inheritance, family connections and downright criminal behaviour (Phillip Green/Pensions anyone?). All CEO's are good hardworking people who deserve to make millions off our hard work... I hope the sarcasm comes across as strongly as I intended.
187
06/01/2021 11:23:32 10 9
bbc
Avondale47
I agree, I may not become mega rich, but, I have worked hard all my life, spent with care and now in my seventies can live comfortably.
188
06/01/2021 11:23:51 22 3
bbc
Whilst a degree of self sufficiency and opportunism is indeed essential, this is not the issue. The majority of people work hard, have aspirations and grab opportunity but are still falling behind as social mobility diminishes. The issue is the 'winner takes all' elitist culture we now have and a 'shareholder value' mantra.
345
06/01/2021 11:37:48 14 4
bbc
Replace envy and think, why have we food banks.
426
QED
06/01/2021 11:45:38 19 3
bbc
No, it’s unfairness, and should be questioned, not dismissed as envy.
610
06/01/2021 12:01:47 0 0
bbc
You are having a laugh are you not? Or simply stirring it?
803
06/01/2021 12:24:44 2 0
bbc
You are a very naive person.
06/01/2021 13:17:41 3 0
bbc
Envy aside; there is a fixed pot of wealth. If the top paid get 1000x the lower paid, that leaves an awful lot less for everyone.

Simpler: there is one cake. CEO & Board takes half. Senior management take half of the remainder. 100s of bottom-waged staff share the crumbs.

No matter what their work is, nor how brilliantly they do it, it cannot justify taking so much wealth away from others
06/01/2021 14:27:50 0 0
bbc
The same way you care if your house is burgled. You wouldn't object to a stranger having a telly. It's because they took the one your hard work that paid for and left your house insecure in the process.
Not sure what the aim of this article is, but I would suggest that the BBC look within before raining too much criticism on others.
For a publicly funded organisation to be paying massive salaries to executives and 'stars' is a disgrace - especially when so many who were previously exempt from paying a license fee are now expected to pay to fund these inflated salaries.
Glasshouses, stones.Anyone?
Removed
Not to mention the 258million over 5 yrs the EU gave to the BBC!

https://edm.parliament.uk/early-day-motion/34956/eu-funding-of-the-bbc
Removed
121
06/01/2021 11:16:45 2 1
bbc
12 yrs old, lolz, keep up and most of that was theoretical interest on loans. You're desperate champ
72
06/01/2021 11:12:11 6 3
bbc
This isn't news, hasn't it always been thus. There are lots of examples of excess in the board room as well as ordinary workers that are way, way overpaid for what they do. Tube train drivers get a minimum of £ 56, 000, before other perks and there are many other jobs like this. However, the men at the top really take the ...
73
06/01/2021 11:08:39 8 8
bbc
Labours crazy policy was not to buy from organisations paying bosses more than 10x average wages.

So that’s no it equipment, no ambulances, no Covid vaccine etc.

I run my own business, my house is at risk especially now. Who’s anyone to tell me what I pay myself.
114
06/01/2021 11:15:58 2 3
bbc
If your house is at risk then surely the houses of your employees are also at risk - so why should you get paid vastly more than they do?
74
06/01/2021 11:09:49 7 4
bbc
We've been brainwashed into thinking this is the only viable model.
93
06/01/2021 11:14:10 2 3
bbc
And the brainwashing continues. Last brainwashing of this scale was in 1930s/40s Germany.
75
06/01/2021 11:12:12 11 5
bbc
All those disparaging unions lately should take note that the pay gap has increased since union membership has declined. Unions prevented abuse of the workforce and negotiated on behalf of the workers with the paymasters to reach a settlement. Bosses and unions cooperated. "decline of trade union membership have widened the gaps between those at the top and everybody else over recent decades."
139
06/01/2021 11:18:32 3 6
bbc
And what inflated salary's are our Union leaders on
76
06/01/2021 11:12:14 120 40
bbc
The vast majority of people in these positions come from wealth and privilege already, our PM is the ultimate example of such people.

This country is no meritocracy.
272
06/01/2021 11:31:03 44 12
bbc
No country anywhere in the world is a meritocracy - it's a theory, not a practical reality.
296
06/01/2021 11:33:23 2 3
bbc
Meritocracy is essential, but it is not the only factor at play in the World.

There is nothing wrong with looking after your family if you are fortunate enough to do so.

Obviously they have to carry out the job to the standard that a non-family member would be expected to achieve. Outside of this, it is none of anyone else's business. Period.
381
ET
06/01/2021 11:41:14 4 6
bbc
Darwinism I’m afraid. The occasional pearl rises to the top. But it’s mostly genetic.
431
06/01/2021 11:46:02 3 5
bbc
That just isn’t true. Do you have any clue who the chief executives are of the top 100 FTSE companies, many are multinational and are there on merit. Used to work for a multinational mining company and current CE is South African, they are required to travel worldwide, and manage on a daily basis multi billion projects and deal at very high level with Governments
726
06/01/2021 12:15:07 1 3
bbc
Yep - but they are selected on their abilities.
777
06/01/2021 12:21:21 4 3
bbc
The laws on discrimination based on gender, race, sexual orientation, religion, age etc have pretty much ensured we cannot be a meritocracy. Merit is merely one thing to be considered in a long list now. I refer you to the racially "diverse" adverts everywhere on TV at the moment from companies desparate to be seen to be PC.
Removed
06/01/2021 13:30:59 0 5
bbc
Boris hardly comes from a privileged background he I it went to Eton and Oxford because of winning scholarships.
06/01/2021 13:35:48 1 0
bbc
"This country is no meritocracy."
Agreed: it is an oligarchy - and a corrupt one at that.
77
06/01/2021 11:12:21 9 10
bbc
After a decade of Tory rule, how is "levelling up" going?
141
06/01/2021 11:18:49 1 2
bbc
In line with their real agenda......
47
06/01/2021 11:09:02 8 9
bbc
So mentioning that socialists are jealous of the earnings of hard working business owners is enough to get your comment removed?? How very petty!!
78
06/01/2021 11:12:35 6 3
bbc
How many 'socialists' hide billions offshore to avoid paying their fair shate of taxes like the rest of us?
79
ken
06/01/2021 11:12:44 5 1
bbc
No surprise there used to work for large corporate company new CEO came in and over the years took away nearly all the workers perks whilst his wages increased at the workers expense
58
06/01/2021 11:10:27 5 11
bbc
Ah well that's life and life isn't there to be fair to everyone. Just look after yourself and if you desire more money and things then work for it and do as they do.

I personally am happy with my lot. It's enough.
80
06/01/2021 11:12:47 5 2
bbc
I think the point is that you "can't just work hard and end up with x120 the average salary"
81
06/01/2021 11:12:50 8 4
bbc
I wonder what the friends of Conservative Ministers are on.
Removed
54
06/01/2021 11:10:06 10 4
bbc
What a surprise, those at the top contribute very little but have their snouts deep in the trough. nothing changes
82
06/01/2021 11:12:52 4 1
bbc
they do pay taxes but their wages are ridiculous.
83
06/01/2021 11:12:52 11 5
bbc
If they 'earn' it, then by definition it's not a problem is it? If they just get paid it, whether they earn it or not, then it is a problem.
65
Waz
06/01/2021 11:11:23 7 6
bbc
Revolution is coming!

We can't continue with the growing disparity, elitism, growing poverty, societal hypocrisy, political distrust, etc. The population are getting fed up with their treatment and the glass will spill soon
84
06/01/2021 11:12:57 1 3
bbc
No it isn't
3
06/01/2021 11:01:48 75 32
bbc
Revolution ???
85
06/01/2021 11:13:03 2 4
bbc
Yes.

But people that would stand to benefit from it (most people) would stand in the way of it.
774
Al
06/01/2021 12:18:45 2 0
bbc
The upper middle class land and property owners stand in the way of it as they always do.
86
06/01/2021 11:13:26 1 5
bbc
Blame the remoanas ha ha ha.
57
kr1
06/01/2021 11:10:23 7 7
bbc
irresponsible headline - my staff consider me their boss, they are on minimum wage while I am on not much more.
BBC The word BOSS includes more people not earning huge salaries than are.
87
06/01/2021 11:13:38 3 2
bbc
The headline says "FTSE 100 chief executives 'earn average salary within 3 days'"

Are you the boss of a FTSE 100 company?
315
06/01/2021 11:35:31 0 2
bbc
The point is the comparison is flawed. Taking the max state of one population and comparing to the median of another is flawed stats. By all means compare median boss to median worker or highest paid boss to the highest paid non-manager (in their business). That would be rational.
With this reasoning you might as well compare salary of a min wage charity shop manager with that of their volunteers.
57
kr1
06/01/2021 11:10:23 7 7
bbc
irresponsible headline - my staff consider me their boss, they are on minimum wage while I am on not much more.
BBC The word BOSS includes more people not earning huge salaries than are.
88
06/01/2021 11:13:50 4 1
bbc
You're assuming your employees are too dumb to be able to understand the article correctly?
89
06/01/2021 11:13:54 5 1
bbc
If HMRC would ever crack down hard on salaries paid in other ways ( yachts, aircraft, 1st class everything, executive suites in Hotels and so on) then the flagrant abuse of the tax system by these self same executives would end. OK, they might threaten to take themselves (and their greed offshore) and work non-dom elsewhere in the world. UK employees denied pay rises would say "good riddance"
1
06/01/2021 11:00:38 483 66
bbc
Big business makes lots of profit and execs pay themselves big out of it, sometimes putting them in offshore tax havens.

Then they own media outlets, lobby politicians into acting for their interests and sell stories that tell us what we should be outraged by, so we don’t get outraged at the real problems in society they cause.

The result: they get richer while we fight over lesser issues.
90
06/01/2021 11:13:55 63 7
bbc
Even worse, they acquire viable companies, take out massive loans against the value of the companies assets and then mysteriously the company goes bust while the execs and shareholders pocket pocket huge bonuses and dividends. The joys of modern global capitalism.
226
06/01/2021 11:27:53 31 4
bbc
Sure just look at what the Glazers have done to Manchester United. Buy a sports team that makes a lot of money and pump all of their debt into it and then don't invest much back.
731
06/01/2021 12:15:40 3 0
bbc
When a company goes bust the shareholders lose their investment. Shareholders typically large institutions like pension schemes vote on how much senior executives are paid - if they think its too much they can reject it.
06/01/2021 12:50:21 3 1
bbc
So what would be a real example of these "huge bonuses and dividends"? Or are you just assuming that is what happens?
91
06/01/2021 11:14:04 1 2
bbc
'Wonderif' a fairer way is to make businesses cooperatives where the workers hold proportional shares?

The bosses cannot do without the workers and vice versa.
Not sure what the aim of this article is, but I would suggest that the BBC look within before raining too much criticism on others.
For a publicly funded organisation to be paying massive salaries to executives and 'stars' is a disgrace - especially when so many who were previously exempt from paying a license fee are now expected to pay to fund these inflated salaries.
Glasshouses, stones.Anyone?
Removed
92
06/01/2021 11:14:04 1 2
bbc
To be fair, they're only paying that to men as the courts pointed out out....
74
06/01/2021 11:09:49 7 4
bbc
We've been brainwashed into thinking this is the only viable model.
93
06/01/2021 11:14:10 2 3
bbc
And the brainwashing continues. Last brainwashing of this scale was in 1930s/40s Germany.
06/01/2021 14:36:19 0 0
bbc
Unlike Brexit, Trump, Belarus, Russia...
11
06/01/2021 11:04:16 5 2
bbc
Russia hasn't been communist for decades.
94
06/01/2021 11:14:14 0 2
bbc
So what is it
95
Ian
06/01/2021 11:14:14 9 2
bbc
In the 70s, the wealth divide between richest and poorest was less.

During the 80's Thatcher ?? promoted the "me, me, me" culture, resulting in people abandoning ideas of society and collective caring and responsibility.

The reason women ???? started working more in the 80s was not related to equality, it was related to the declining income of the main income generator due to wealth inequality.
355
06/01/2021 11:38:50 5 0
bbc
The reason that women got into work was ushered in under the guise of equality, but the reality is that big business wanted to increase revenue but there was not enough disposable income. Having two household members in work increased this.

And when this became the norm and business wanted more revenue, we had the increase in readily available finance and credit so we can give them even more.
96
06/01/2021 11:14:18 2 8
bbc
This is why we need a momentum led labour govt, with a coalition of BLM and Extinction rebellion leaders, so that we can create a better, more equal society with all industrial sectors nationalised
118
06/01/2021 11:16:30 1 3
bbc
Stupid comment
97
06/01/2021 11:14:29 2 2
bbc
Its the time of year when people look at the obscene wage gap and think "well im delighted , after all i voted for this "
67
Ian
06/01/2021 11:11:23 9 12
bbc
Wealth inequality ...

It is Thatcher's ? legacy

It is Boris' ?? secret agenda

Don't believe the hype ... the Conservative way is to concentrate wealth generation in the top 1% ... it's the people who fund the party and the people who vote for the party.

If you're in the north and vote Conservative, you're wasting your vote. Whatever they say, they don't care.
98
06/01/2021 11:14:29 2 4
bbc
You'd rather the poor were poor as long as the rich we less rich
Not sure what the aim of this article is, but I would suggest that the BBC look within before raining too much criticism on others.
For a publicly funded organisation to be paying massive salaries to executives and 'stars' is a disgrace - especially when so many who were previously exempt from paying a license fee are now expected to pay to fund these inflated salaries.
Glasshouses, stones.Anyone?
Removed
99
06/01/2021 11:14:31 1 2
bbc
Totally agree, but this does deflect from that fact. I expect being a service broadcaster that will be the next story. Reading out loud person get's paid 10 times more than teachers.
3
06/01/2021 11:01:48 75 32
bbc
Revolution ???
100
06/01/2021 11:14:43 8 9
bbc
That went well for the Russian population when the Bolsheviks snatched power.
191
06/01/2021 11:24:20 6 3
bbc
There is quite a difference between 20th Century Russia and 21st Century Britain.
300
Ed
06/01/2021 11:34:27 6 3
bbc
I mean...it did. Tsarist Russia wasn't exactly sugar and rainbows.
901
Al
06/01/2021 12:22:15 1 0
bbc
Yes it did, their lives improved massively by every possible measure. Before you waggle the tyranny card, every country on Earth has suffered under tyrannical rule since the spread of European colonial empire, it's just done in a way too subtle for people who don't want to accept it.
06/01/2021 13:29:29 0 0
bbc
It also went very well for the bourgeois class who seized power by....revolution, the most successful in history.