The remuneration committees and the greedy fat-cats.....

[Papaumau]

The "remuneration committees" - who ratify all suggested extra payments and salary rises for the top echelons - are made up of the people that are to get these extras. Who can blame them for not paying themselves as much as they think they can get away with.

The shareholders COULD put a stop to these excessive demands if they had the clout but they don't as the great mass of shares held are in the hands of corporations who are controlled by the people who are to get the money. This is a typical example of the snake with no tail as the head of this particular snake goes right round and consumes it's own tail. In other words, this is a closed cycle that cannot be broken.

The government COULD break it if they wanted to but the desire was never there during the last government and it will certainly not be there with the new one.

Anybody ?

[avalonmpk]

 Papa
you have believed yet another mis-conception - who is feeding you this Bull
57.8% of all publicly quoted shares are held by pension funds and local governments, trade unions and charitable trusts.

[Papaumau]

Now you are splitting hairs !

The point I was getting at - and you know fine what that was - was that the shareholders that actually go to shareholder meetings might have a lot to say about such excesses but they, in fact, do not have large-enough parcels of shares with which to steer what goes on at the top of these entities.

When I used the word "corporations" I meant the corporate groups that have the buying power with which to own large share sections/options.

All of these big share-owners are controlled by the people at the top who are in turn influenced by the people at the VERY top.

( The people who man the remuneration committees are chosen from these very high and incestuous groups ! ).

WE, the people, or the small shareholders, have little or no say in what is done with the money with which such large entities use to buy and sell bulk shares.

You know this I am sure, but it seems that you are more willing to attack me than you are to even try to see my point.

That is twice now that you have attacked my person with namecalling and invective rather than even attempting to go with the heart of my writings here.

If you do not change your ways I will cease to converse with you at all !