Its my View

my view on life and politics, nothing more than that!

Posts Tagged ‘bonus’

company bonuses and high salaries

Posted by michael on March 10, 2012

I don’t really have a problem with the amount of payments and bonuses people receive for doing their job.

The shareholders are the ones who approve such salaries and bonuses.

If people want to object then buy shares and turn up and vote!

That is the right thing to do in a democracy. If people are NOT in a democracy and complain about the leaders salary they would probably get jailed or shot! – our system is better!

But what is really important and really fair, is that all salaries and bonus payments are subject to tax in the UK without any tax saving schemes (legal or otherwise) being used to minimise the tax being paid!

Ordinary workers cannot take advantage of these schemes and big company bosses should not be allowed to either!

And those who complain about these fat cat salaries and benefits, just remember that some of the trade union leaders are doing just the same as the bankers!

Posted in Blogroll, economy, Trade Unions, UK Economy | Tagged: , , , , , | Leave a Comment »

Stopping RBS banker bonuses

Posted by michael on November 12, 2011

Of course Cameron has to try to stop these abusive banks preying on their customers for the benefit of the bank bosses!!

But it isn’t easy to do.

I had to laugh at the idea of milliband painting himself as ‘the champion of the 99% who don’t get bonuses’!!! This whole greed of massive bonuses and massive salaries and pensions originated from the Blair/Brown governments.

Just look at the Trade Union officials and their pay and bonuses – hardly representing the working class! In fact the working class has been just that under Labour who have acted as most Socialist governments in the world have done – the rich (themselves) get richer and the poor get poorer!

Milliband can say whatever he wants – I see him as a caretaker Labour leader. When the next election is approaching then I expect him to be dumped and be replaced.

Posted in banks, Blogroll, Trade Unions, UK Economy | Tagged: , , , , | Leave a Comment »

‘bonus culture’ is inherently dishonest!

Posted by michael on August 4, 2009

Once upon a time, bonuses were paid as an addition to the salary if the performance of the individual, or perhaps the team, exceeded the job specification and targets that were part of the job.

Basically, if a worker actually does his/her job properly then they would not get a bonus. Why not? Because they did the job that they were paid for.

Nowdays, there are too many companies where the bosses get paid huge bonuses for achieving targets that are little more than their job specification. They get large salaries for doing their job, and then get large bonuses for doing their job.

This is not the same as those workers who get minimal salaries and whose earnings are based on their efforts and their performance. The commission structure generally means that these workers do get rewarded for the efforts that they put in.

Unfortunately we have seen a massive increase in this this greedy bonus culture amongst state sector organisations. Our taxes are being used to pay massive bonuses for those running these organisations.

We need to stop these greedy bosses from abusing the people of the UK who do not want their taxes being used to pay bonuses on top of the huge salaries these greedy people are getting!

Posted in benefits, Conservatives, financial, labour, Lib Dems, tax, UK Economy | Tagged: , , , , , , , , , | Leave a Comment »

 
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