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FTSE 100 bosses' pay unrelated to results, report says
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Author:  Linux_User [ Sun May 13, 2012 4:44 pm ]
Post subject:  FTSE 100 bosses' pay unrelated to results, report says
Quote:
FTSE 100 bosses' pay unrelated to results, report says

Bosses of the UK's biggest companies earn millions in "excess remuneration", a report reveals.

Pay packages designed to incentivise FTSE 100 chief executives had little effect on company performance, it found.

Reckitt Benckiser, ICAP, and BG Group are among the "worst value FTSE 100 companies", said Zurich-based financial research firm Obermatt.

http://www.bbc.co.uk/news/business-18035125

So much for "we need to pay high salaries to attract the best talent".
Author:  jonbwfc [ Sun May 13, 2012 5:01 pm ]
Post subject:  Re: FTSE 100 bosses' pay unrelated to results, report says
If they actually were an incentive, it would probably work. But the point is they get paid a king's ransom even if the company fails. So there's no incentive and no dissuasion either. It's all carrot and no stick. No wonder the companies don't see the benefit.

Jon
Author:  MrStevenRogers [ Mon May 14, 2012 1:15 pm ]
Post subject:  Re: FTSE 100 bosses' pay unrelated to results, report says
Quote:
FTSE 100 bosses' pay unrelated to results.


no Shiite Sherlock ...
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