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Sunday, July 24, 2011

balance

there was a report in the evening standard awhile ago about how the shares in dixons, the retailer, had crashed, that there profits has declined and there was doubt over their long-term future.
still not all doom and gloom in the world of dixons as their cheif executive received a cash bonus of £120,000 (bringing his total salary to over £1m).
you would wonder quite how much mr. browett would trouser if dixons had been in profit, shares were on the up and up and the future was bright.
apparently he gets to pocket the bonus because he met some personal targets (these are not detailed) so i am guessing they must have been things such as turning up to work, wearing matching socks, writing nice reports (i used to work with someone who wrote very nice reports, he didn't type them up his secretary did and he didn't do the work in compiling the report others did that - he just wrote it up nicely) and being nice to the rest of the board.
i am sure the boys at the confederation of british industry could work out a way to explain how a business that is doing badly can pay out bonuses (the reason is probably something like: without him it would have been even worse). this is why most of the time we don't trust all the guff about how much better the private sector is.

still the report did mention that the shoppers who go into dixons have reported that their shopping experience is much nicer these days.

meanwhile over in my neck of the woods the newly elected mayor, lutfer rahman, (i didn't want a mayor and i didn't vote for him) has been pilloried for his daily use of a hire car. he isn't going to give it up. his reasons for needing a chauffeur driven car was the number of meetings he had to attend and the need to do work while on the move. so approximately £10,000 is to be used to get the mayor from here to there.
i have a solution to the problem: have more meetings in your office mr. mayor. let them come to you. it would save lots of money and make you seem even more important.
true it does mean you won't feel quite so grand as you do swanning around in an expensive car.
even better if you stay in the office - you will get more work done.
i am a genius.
with the money saved mr. rahman you can employ me.

the willingness of politicians to squander public money is one of the reasons why we distrust them.
the only difference between mr. rahman and mr. browett is that so far the people of tower hamlets haven't been able to say our living experience has improved - maybe that is why mr. rahman insists on the car; he doesn't want to see what it is like for the local population.

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