Defining Greed

fatpig_2

Greed = Buy to Let

i.e. depriving hard-working families of the chance of getting their own home.

Dithering_Dad

Cannon_Fodder wrote: »

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.

There are some really bloated HR departments, and HR people are extremely well paid (some might say overpaid) for their qualifications and for the work they perform. I'd hope that most large companies would be looking to trip the fat at all levels, including HR and at senior management levels.

As far as bonuses are concerned, most are comprised of company performance, department performance and individual performance. If the company/department makes millions one year then commensurate bonus levels should be paid, if they make a loss then no bonuses should be paid (or at least only a small one based on individual performance). I'm not sure that this model is working in the banking industry currently!! :eek:

Thrugelmir

mower5 wrote: »

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.

I believe we have seen the end of an era. Corporate greed extends out into the wider economy, even in SME organisations. For people to maintain and run a profitable business it's certainly going to become more challenging in the medium term.

As a shareholder in various companies. I would expect the board of directors to run the Companies in a proper and fit manner in my interest. If this extends to recruiting the best talent in a particular field then I accept that any remuneration package would need to be attractive.

Thrugelmir

fatpig wrote: »

Greed = Buy to Let

i.e. depriving hard-working families of the chance of getting their own home.

The property rental market serves a useful purpose in providing accomadation for people for wharever reason don't wish to purchase.

The "greed" has only arisen due to people investing for instant capital gain. In a normal market property letting is little different to running other types of business. The only entry barrier being the initial capital required to fund the property purchase. Over the past 6-7 years this disappeared as house prices rose quickly.

The bubble has burst and will continue to float downwards until prices reach a normalised level.

lostinrates

My father earns an income that many would consider greedy. When he was promoted he was awarded an obcene pay increase, which much to my mother's horror he declined most of. His employer was shocked and concerned and asked why he had turned down this great income (which would have made a tremendous difference to his lifestyle) and my father explained that he felt the bulk of the pay increase was an attempt to buy his 'Yes Boss'. He said his 'Yes Boss' was worth more then the pay offered, more than the money available and furthermore was not for sale. That makes him not greedy IMO.

My mother and I think my father can be a little foolish and that he over estimates the value of his yes. Therefore we are probably greedy.

There is no doubt remuneration greatly influenced DH's choice in employer, but it was not the only influencing factor. Firm ethos and environment, ability to donate a substantial number of hours to pro bono work and the possibilty to progress throughout his career without changing employers unless he should so choose, were all determining factors.

matthewcb

Thrugelmir wrote: »

I believe we have seen the end of an era. Corporate greed extends out into the wider economy, even in SME organisations.

I really hope you're right. But I have a feeling the greedy will rise to the top.

Remember the gap between the very highest and lowest paid in companies is growing, is this really going to stop? You only had to hear the hubris of the four 'leaders' being interviewed yesterday to realise they believe they haven't really done any wrong.

After a short period, it will be business (and the pursuit of money) as usual.

torontoboy45

is alan sugar greedy? worth est. £300m. still working.
insists that money isn't the motive. 'closing the deal' gives him the buzz he craves. but, perhaps, he really enjoys the influence and media exposure the money bestows. perhaps his competitive streak - constantly eyeing up those who would steal his crown - forces him to look at his pile and think 'mine is bigger than yours and I intend it to stay that way'.
there are many ways to measure success, but we live in a society that prefers to use the cold hard cash yardstick.

sadly.

Cleaver

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 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.

Sounds like he's Consultant matrerial.

Cleaver

fatpig wrote: »

Greed = Buy to Let

i.e. depriving hard-working families of the chance of getting their own home.

Pointlessness = Generalistic Posts

i.e. posts that are derived from a strange personal point of view with no base in reality.

Generali

Cleaver wrote: »

Pointlessness = Generalistic Posts

i.e. posts that are derived from a strange personal point of view with no base in reality.

I read that as Pointlessness = Generali-istic Posts.