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Old 04-05-2010, 00:50   #14
Digital Fanatic
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Join Date: Aug 2008
Location: Liverpool
Services: VM XL TV with VM TiVo 1TB x 2 > VM XL BB > VM XL Telephone
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Re: Virgin Media's Berkett paid £3.6m in 2009

Quote:
Originally Posted by Horizon View Post
Just like the bankers, there is something completely obscene about this.

Why should someone be "rewarded" for doing a job? Fine, they get a decent salary, but that should be it, no share options/bonuses.

Then of course we have the small matter that VM is still in several billion pounds of debt.

Another poster has said here that VM are in good shape, really? I don't see a company which has never made a profit, has huge debts and non existent growth depending on how many customers VM say they have on any one particular day. One minute its one number, and another minute its a totally different figure. 50k customers all of a sudden aren't real paying customers, or, there's another data cleanse and another 50k customers disappear or reappear, or whatever it is. Total shambles and certainly no one should be paid 3.6 million for that.
His salary is something like £500k... he got a PERFORMANCE related bonus based on how well he did his job.

Sky's CEO gets £800k before bonuses... Neil is working hard for his.

VM is in good shape, sure they have their problems and they are far from perfect... lots of companies don't make a profit and are in debt, VM are investing in their network to GROW the business beyond their current footprint.
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