Despite the tsunami of public anger against bankers’ bonuses and multi-million salaries, last year the pay and benefits of top business executives rose by just over £1 million each on average. It rose from £56,150 a week to £76,920, a rise of £20,770 a week. This is a rise per week almost as great as the annual average wage in Britain today.
It’s a marker of just how disjointed British society has become. So far from being all in it together, we have in fact never been further apart for over a century. Nothing whatever has been done to arrest this slide into ever-growing inequality, and worst of all nothing has been done to stop huge payouts to executives even when their companies are making big losses.
What has happened is that as public pressure has increasingly been exerted against inordinate basic salary and bonuses, a way round has been found by massively inflating other components of the composite pay package. In particular, long-term incentive plans (i.e. share awards based on companies’ performance over several years) have soared by more than 80% across the corparate spectrum in the last year, so much so that this item accounted for more than half of chief executives’ total remuneration. In other words, it increased their overall pay by more than £10,000 a week.
This might be justified on the grounds that it reflected the company’s solid performance over those previous years. But there are three counter-arguments. One is that it may simply mirror a rising economy and does not particularly represent successful achievement on the part of top executives.
Second, even if that is not so, corporate success should properly be regarded as reflecting the performance of the whole corporate team, not just the person at the top, yet that pyramid below gets no comparable award. The third is that when corporate performance takes a dive, the executives at the top don’t take a comparable hit in their own pay packages. In other words, under the present rigged system pay at the top is a one-way escalator.
Well of course we were all angry with the bankers, but of course Labour had already brought in welfare reforms, even when the supposed good times were here. I no longer feel much anger for the bankers or the hangers on, I do get angry when I see politicians trying to explain it had nothing at all to do with them.
I suspect most people are now use to the drama which we see with the police miner strike, Savile, care homes , none of this had anything to do with politicians, well no they were all to busy ensuring we were off to wars which would make the leaders millions.
Then you have the expenses scandals.
Bankers are not the problem it’s the politics of this country that has allowed all this to happen
To all their misdemeanors
To all their folly and lies
Thy theft thy fraud thy treachery
So spoken so despised
Like cattle with nought,n fodder
So forced I stand to shudder
Tis locked out factory gates
To all thy bricks and mortar
Thy bankrupt welfare states
To bankers pound and sold
Like in oozing festering sores
So neat a Cowell sum
To sweet ,n candy divas
Thy swindling musical scores
For neat,Beijing sandwiches
In seas of China Tea
Thy despot Gordon Brown
Laid is fiddle down on me
Ay, In all their misdemeanors
To all their folly and lies
Where Elgars sweet fine music
Sold in beauty to thine skies
Where Liberals bought their powers
To votes so sold by knaves
Thy tories sold this storey
Tis Land of Hope and Glory
In all thy light was shattered
Like low Pound high yield Dollars
Thine only God is profit
Ye well heeled toffee scholars
Ay, For all thy rent and mortgages
Thy thieving wretched lies
Thy tax avoidance fillies
And their cheating corporate flies
Tis time to show a Red rag
Show the red rag to the Bull
Tis time to hang a red rag
Hang a red rag round the bull
Tis time to dance a reckoning
To level out thine score
Set all the church bells ringing
Let thy anger voice be heard
I,ve only just a started Lord
My slumber with eternity
Would not be spent in Hell
Tis time ti show a red rag
Show a red rag to the Bull
Tis time to hang a red rag
Hang a red rag round the Bull
So be driven hard hard like nails boys
With hearts of English Oak
Tis time to dig our furrows
Let thy toffees wear the yolk
To sweat them like an oxen
In the fields of their theft
Even up thy averages
Hang red rags round their necks
Ay, for all my misdemeanors
For all all my folly and lies
I cannot hold my tounge no more
For those i so despise
To Shelley, Keats, n Byron
I write these words for thee
Rise up my sleeping giants
Tis time to come to Tea
Tis time to wear the rag rag
Show the red rag to the gun
So come my friends my comrades
My sisters ,brothers too
Be not ye all afraid or a mind confused to dull
Tis time to hang a red rag
Hang thine red rag round a Bull
Tis time
ps How much longer must we endure the crack of the whip Politicians , Bankers lawyers , Celebrity , The entire system is run for their benifit,decadence and profit of the golden ,or chosen ones .
yours Greenan Common
at every oppurtunity .