Tuesday, 6 November 2012

Good news on executive pay

We have this from the BBC:
Senior executives in the UK's biggest companies have seen their average earnings go up by more than a quarter in the past year.
New research suggests the bosses of top firms made an average of £4m a year.
*Awaits lefty rage*
But Incomes Data Services, which compiled the figures, says pay and bonuses have hardly risen at all.
Instead the increase is due to a rise in value of long term incentive plans which have replaced cash bonuses.
And that's how it should be; align the interests of the execs with those of the shareholders over the long term. The lefties should be happy as a substantial chunk of any payout will be winging its way in the form of tax to government coffers. Or perhaps not:

So basically they can't fucking win.

No comments:

Post a Comment