Britain-based Barclays (BARC.L) increased its bonus pool by 46% to 1.1 billion pounds ($1.5 billion), up from 749 million pounds a year earlier, while HSBC (HSBA.L) topped up its bonus pool by $900 million in the first half. Though the UK has nothing on the corrupt types in the US. Check this out from like 7 years ago. Not sure why there isn’t a list already somewhere(?)… https://www.theguardian.com/us-news/2015/dec/02/forbes-list-fat-cats-have-more-money-than-all-regular-cat-owners-in-america
Forbes list ‘fat cats’ have more money than all regular cat owners in America
“The remuneration committees which decide pay packages are made up almost entirely of other directors. This creates a self-serving system in which one group of directors pays another exorbitant salaries, and these then act as the ‘competitive benchmark’ for the next round. In other words, it is the power of directors as a group to set their own salaries that determines their level and growth.”
This would be handy if the people on the list were also listed by the company they worked for. It should include everyone who earns more in a day than the rest of us do in a year. I don’t care how clever their business idea was, another person isn’t worth 365.25 of me. Read this from the BBC.
‘Fat cat Thursday’ as top bosses’ pay overtakes UK workers’
Airbnb’s former Chief Ethics Officer Rob Chesnut says it’s time for an ethical revolution in how we do business. America’s most powerful voice in business ethics shows that the “do no evil” mantra is no longer enough, and companies that do not think seriously about a critical element of co... Read more
Douglas Allen, managing director of data and services at Ethisphere Institute, said nearly every company named has someone who acts as a chief ethics or compliance officer. However, the number of companies that have independent, C-suite level compliance and ethics officers has increased from previo... Read more
Britain-based Barclays (BARC.L) increased its bonus pool by 46% to 1.1 billion pounds ($1.5 billion), up from 749 million pounds a year earlier, while HSBC (HSBA.L) topped up its bonus pool by $900 million in the first half. Though the UK has nothing on the corrupt types in the US. Check this out from like 7 years ago. Not sure why there isn’t a list already somewhere(?)… https://www.theguardian.com/us-news/2015/dec/02/forbes-list-fat-cats-have-more-money-than-all-regular-cat-owners-in-america
“The remuneration committees which decide pay packages are made up almost entirely of other directors. This creates a self-serving system in which one group of directors pays another exorbitant salaries, and these then act as the ‘competitive benchmark’ for the next round. In other words, it is the power of directors as a group to set their own salaries that determines their level and growth.”
Theresa May had a handy list of them all for herself. Not sure how she planned to use the list though. Not to have them investigated I guess?
This would be handy if the people on the list were also listed by the company they worked for. It should include everyone who earns more in a day than the rest of us do in a year. I don’t care how clever their business idea was, another person isn’t worth 365.25 of me. Read this from the BBC.
But shouldn’t all chiefs be ethical? I question the idea that one person deals with ethics and the rest ignore it, as it’s covered.
They exist. Not sure how much say they get in the boardroom though.
They are coming, too much money at stake not to nowerdays. Good stuff.