Showing posts with label inequality in pay. Show all posts
Showing posts with label inequality in pay. Show all posts

Sunday 11 September 2011

WHAT'S YOUR PENSION WORTH???


         As our well manicured millionaires that haunt the Westminster Houses of Hypocrisy and Corruption force us to work longer and contribute more to our pensions, for less at the end, while spouting about us all being in this together and other crap about the broadest shoulders taking the greatest load, etc. we should take a look at their millionaire CEO chums’ pension pots. Jeroen van der Veer, former boss of Royal Dutch Shell, £1.4m a year. Former Barclays boss John Varley £1.2m. Sir Frank Chapman, CEO of BG Group, and David Brennan, CEO of AstraZeneca, more than a million a year. Diageo's CEO Paul Walsh, more than £930,000 a year. Yea, we’re all in this together!!!  What will this bunch of parasites care about cuts in social services, lack of opportunities, deteriorating education system. How much thought will they give to this year’s heating bills, Their unimaginable wealth will shower them with choices, where as most of us, this winter, will be faced with one choice, to eat or to heat.
         Britain's top company bosses have stashed away pension pots that have soared by 70 per cent in less than a decade and are now at record levels, according to new statistics to be published this week. The five biggest pension pots of FTSE 100 directors are worth more than £84m combined – nearly 600 times greater than the £150,000 that the average retirement fund of five working Britons would amount to. Income inequality in the UK is nothing short of mind-boggling. The average income of a FTSE 100 chief executive, according to the most recent Guardian survey of executive payis over £3m per year, including bonuses and pension contributions. Jaw droppingly more than 100 times
median household income. It is common for CEOs to soar 200 or 300 times as much as the median pay of their employees or, in the case of Terry Leahy's final year at Tesco, for a CEO to be paid 500 times the average take-home pay of his employees.


   
        Amid what we are told is austere times, while we, the ordinary people, are having cuts forced on us in every aspect of our lives, and our standard of living being undermined, it is safe to say that the millionaire cabal of parasites have never had it so good. Ah, that’s capitalism for you!!!