Defining Greed

Generali

Pont wrote: »

.... and his telephone number is?!!!!

Permanently engaged!

LillyJ

IveSeenTheLight wrote: »

LOL, where are all the renters, str's, students etc to live if you do not have LL's?

I think that's the point. It's the person that defines the greed, not the employment.
I had some very greedy landlords as a student, who literally would not spend 10p on the house if they could avoid it. When we got burgled, a panel in the back door got kicked in. The landlord's elderly father turned up with a tube off superglue and tried to glue the broken panel back together, then glue the panel back in the door!

But not all LLs are like this, like not all bankers are greedy either.

lana22

incher wrote: »

Or a lot of healthcare workers, specially mental health. My sil does care work and has heaps of responsibility, is sometimes in physical danger, is on call far too often, and gets paid peanuts in my opinion. She's such a sweet person too!

Anyway, I digress. I agree that society is skewed in terms of financial rewards. I wonder how it will all work out in the next few years ...

I work with a doctor who is incredibly greedy.
He takes any locum shifts available (rather than sharing them out - their aren't many to be had), by telling the coordinator that everyone else has told him they aren't available. He then keeps it secret and asks if he can go home early because he is tired from doing a locum.

He then said that it wasn't sad that Jade Goody was terminally ill, because she was able to make enough money to leave to her kids! I was shocked, and said I would give away every pound I own to keep my Mum, and that no amount of money can replace a child's mother. He shrugged his shoulders and said "I'm not so sure about that"

He also tries to pretend he is studying in the library when he is actually buying and selling shares during work time!
:eek:

I was actually pretty disgusted.

mower5

Generali wrote: »

We've had a lot of bemoaning of 'Greedy Bankers'. From what I can tell, many or most posters use the word 'greedy' when they really mean 'highly paid'.

So what level of pay is 'immoral' or greedy per household do you think?

What should be done (if anything) to prevent people earning above that threshold?

A good friend of mine made a net profit of over [FONT=verdana, arial]£180,000,000 for the insurance company he works for and will get a bonus of about [/FONT][FONT=verdana, arial]£1,000,000 or 0.55%. Is he greedy or successful?[/FONT]

Your mate has been greedy, he presumably is paid a salary with all the normal benefits of working PAYE for a large company. Paid holidays, private health care, pension scheme, subsidised fitness and canteen.

Nothing wrong with being further incentivised to work hard (i suggest 10% bonus in shares as reasonable) to fulfill targets but to get £1million as a bonus is outright theft from the true owners, the shareholders.

Who exactly in this company is looking after the share holders interests? Are the people with oversight from the same school? Do they hang out in the same golf clubs and private city clubs? Are the people who arrange these massive wage structures benefiting themselves in there own work place?

The whole structure stinks. I have no problem with greed if it forces people to work exceptionally hard and achieve great results. I have a very big problem with the corruption at the heart of the city of London that allows theft from shareholders.

Thrugelmir

mower5 wrote: »

Your mate has been greedy, he presumably is paid a salary with all the normal benefits of working PAYE for a large company. Paid holidays, private health care, pension scheme, subsidised fitness and canteen.

Nothing wrong with being further incentivised to work hard (i suggest 10% bonus in shares as reasonable) to fulfill targets but to get £1million as a bonus is outright theft from the true owners, the shareholders.

Who exactly in this company is looking after the share holders interests? Are the people with oversight from the same school? Do they hang out in the same golf clubs and private city clubs? Are the people who arrange these massive wage structures benefiting themselves in there own work place?

The whole structure stinks. I have no problem with greed if it forces people to work exceptionally hard and achieve great results. I have a very big problem with the corruption at the heart of the big banks that allows theft from shareholders.

Insurance underwriting is not an average job, as it requires far higher skill levels than say an average City trader. Without a good compensation package a talented individual would be poached by another Company. I'm sure that this individual works very hard for his remuneration.

stephen163

My gf is now in her final year of medical school and this story does not surprise me. In my opinion, the medical school admissions system is actually very corrupt. Your chances of getting in depend less on your academic ability and personal qualities than it does on how well your application is tailored to tick 'certain boxes', which is in turn related to if you know someone within the system (i.e., if family member is a doctor, or the private school you go to happens to hold your hand right through the process). This leads to a disproportionate number of applicants from wealthy backgrounds, of which a great deal are hopeless and entirely unsuited to a career in a caring profession. If more information was given to bright pupils at the local comprehensive, they would see that medicine isn't 'hard' to get in to, just that you need specific things on your application (medical work experiencee, 'interesting' hobbies etc.). The rich kiddies are given this info from the word go!

Or just become a doctor the easy way. Get a 2:1 or above from ANY university in ANY subject then apply for the graduate entry scheme. Then in 4 years time you are a doctor.

poppy10_2

lana22 wrote: »

I work with a doctor who is incredibly greedy.
He takes any locum shifts available (rather than sharing them out - their aren't many to be had), by telling the coordinator that everyone else has told him they aren't available. He then keeps it secret and asks if he can go home early because he is tired from doing a locum.


He also tries to pretend he is studying in the library when he is actually buying and selling shares during work time!


I was actually pretty disgusted.

You should report him

mower5

Thrugelmir wrote: »

Insurance underwriting is not an average job, as it requires far higher skill levels than say an average City trader. Without a good compensation package a talented individual would be poached by another Company. I'm sure that this individual works very hard for his remuneration.

My post wasn't about the job or how well he performs but the way the renumeration is arranged and who is looking after the sharholders interests. The big companies are being hollowed out by corporate greed and corruption.

Cannon_Fodder

In a way bankers bonuses are like footballers contracts once were.

Until fairly recently, football contracts were very poorly thought through - when a club dropped to the Championship, they had to keep paying Premiership wages, which was often untenable.

The same now is being seen with bonuses.

Whoever wrote the remuneration packages failed to allow for various eventualities, leaving the bank liable to contractual obligations that do not fit with their current financial position.

Presumably HR, in concert with senior managers, need to be culled to inculcate a more protective attitude towards their company assets.

lana22

poppy10 wrote: »

You should report him

I agree, but the only thing reportable is using work time to sell shares, which is totally unprovable.
Also we are entitled (legally) to breaks, but we never take them because it's too busy. So he could claim that this time spent is a break time. It's just that he is screwing over the rest of us as we have to pick up the slack.
Immoral, but nothing actually against the rules.