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Monday, November 21, 2011


there are times when i wonder why people bother writing reports, why they spend so much time investigating something in order to come to their conclusions.

now it could just be the way these things are covered in the media that gives the impression that it was a lot of work for no real purpose.
you can see it in all the obesity reports - none of them seem to say that the reason so many of us are fat is that we eat too much and do too little. pretty simple. i should get a grant for that.
or a recent church of england study found out that for most of the people who worked in the financial sector money was their main motivation.
no. fucking. shit.

so it comes as no surprise that the high pay commission has 'revealed'that pay and bonuses for top bosses are seen to 'out of control' by most peope.
no. fucking. shit.

in the last 30 years average pay has gone from approximately £6,500 to £26,000 per year. an increase of 300%.
in the same time the increase of top executives has risen by 4,000%. nice work if you can get it.
(which begs the question why not outsource the executives - i am pretty sure that for every well paid suit in a london office i can find you someone in india who could do the job at a quarter of the price and just as well and can do it from their bedroom on the internet. it is a global world after all. except it will never happen).

there are some recommendations such as a pay ratio between those at the top and those at the bottom, that employees should be on the remuneration committees, simplifying executive pay, publishing details of executive pay.

none of them will happen.

this christmas and new year we will have the usual hand-wringing over bonuses to various people. we will gasp at the numbers some people will get. we will complain about some of the figures they get. it will be raised in the media, debated in the media.
the usual arguments of 'if you want the best you have to pay the best' will be trotted out, when patently we don't seem to have the best - because if they were that good then we wouldn't be in the shitty position we are in now.

still i am sure someone somewhere has a report that explains just why so many of these people are worth so much for doing so badly.

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