Strike threat at BT as boss gets £3m pay package

[Chrysalis]

Originally Posted by Ignitionnet

If we're playing that game without the 'management' class who would be running these companies, opening new ones, investing and putting up the capital?

Overpaying workers causes inflation, inflation is not nice. Upsetting shareholders and investors makes capital harder to raise.

I didn't get 5% this year and my company had a record year both in terms of revenue and profit with zero pension deficit.

it does cause inflation but also printing money and low interest rates raises inflation.

so why are we trying to curb inflation with wage rises but letting it go up elsewhere? the result is wage rises that are below inflation and a poorer population.

I do agree with some of your points, I think the weak link here is the ceo accepting the large bonus. If he turned it down then I expect the pay deal would have been quietly accepted. If I was running a company and just accepted a 3million bonus, I wouldnt be able to keep a straight face when telling the workers they had to live with 2%.

[Julian]

Isn't comparing the proposed basic wage rise for a group of workers in one part of a business to the contractual bonus structure of another worker erroneous?

Maybe the CEO is only going to get a 2% wage rise too?

Maybe other BT employees also received contractual bonuses?

[nomadking]

Originally Posted by Julian

Isn't comparing the proposed basic wage rise for a group of workers in one part of a business to the contractual bonus structure of another worker erroneous?

Maybe the CEO is only going to get a 2% wage rise too?

Maybe other BT employees also received contractual bonuses?

It seems they are.

We have offered a package that could see the lowest paid members receive up to 5.4% in pay and bonuses and that compares very well with the rest of the market. There will also be a further pay review for some staff in October.

Livingston has pledged to take just a 2% pay rise, equivalent to what is being offered to BT's staff of just under 100,000, and donate the rest of the increase to charity.

[Chrysalis]

yes I did read the article, some employees did get their own bonuses.

I am not going on about if its fair or not, I cant possibly comment on that as I am not privy to what the employees contracts are.

My point is the ceo just creating ill feeling in his company at a time when he is closing the purse strings. In his position he would have done better to refuse the bonus, or at least defer it.

[nomadking]

He has turned down 2/3rds of his proposed increase. He is due a 6% rise but is only accepting 2%, the rest going to charity.

Livingston is also to receive a 6% pay rise this year, three times the increase being offered to staff,
...
Livingston has pledged to take just a 2% pay rise, equivalent to what is being offered to BT's staff of just under 100,000, and donate the rest of the increase to charity

[Sirius]

One of the reason i left the cwu was a conversation i had with a union rep. He was talking about support for the union within VM and that as soon as they had enough support they wanted to show VM who's boss !. So that will be BT and VM they are going to try and destroy.

Unions are too much trouble these days.

[injuneer]

BT may have shed loads of staff to get profitable but their customer service is going down the pan now as there isn't enough experienced staff out in the field. More & more faults are tasked out by robots resulting in the more complicated ones being unresolved for ages with the buck being passed from one section to another, the few staff that are left are being run ragged. Also they didn't get any pay rise last year.

Originally Posted by injuneer

Also they didn't get any pay rise last year.

Neither did I, or the year before that and my company is turning a good profit. They should just get over themselves and accept what they have been offered.

If i was offered 2% I would.

[Pierre]

Strange that earlier this year the very same CWU recommended only a 2% pay increase for Virgin Media members.

[injuneer]

Originally Posted by Tuftus

Neither did I, or the year before that and my company is turning a good profit. They should just get over themselves and accept what they have been offered.

If i was offered 2% I would.

Seems like employers don't wish to share their profits with the employees then.

[Ignitionnet]

Originally Posted by Pierre

Strange that earlier this year the very same CWU recommended only a 2% pay increase for Virgin Media members.

Isn't it...

Originally Posted by injuneer

Seems like employers don't wish to share their profits with the employees then.

Directors are employees too.

[Chrysalis]

Originally Posted by Ignitionnet

Isn't it...

maybe thw cwu boss has a crappy long BT line

ok its me Im the head of cwu *hides*

[Ed2020]

Originally Posted by Julian

Isn't comparing the proposed basic wage rise for a group of workers in one part of a business to the contractual bonus structure of another worker erroneous?

Maybe the CEO is only going to get a 2% wage rise too?

Maybe other BT employees also received contractual bonuses?

If I was getting a seven figure bonus I'd happily accept a 0% pay rise, every year, for the rest of my working life.

It is not erroneous when the bonus is more than a lot of people earn in a lifetime.

[frogstamper]

Originally Posted by Derek S

Everyones entitled to an opinion. Personally I'm siding with Ignitionnet on this one.

So you'd agree then Derek that any officers in your nick or in the country who take an interest in the police federation are, "lazy, insecure and indifferent to risk"??
As you say everybody's entitled to their opinion, even if it is downright offensive dogma, but I take issue with these "ignorant" claims being laid at my door or in fact at the vast majority of working men/women who belong to a union.
Frankly I thought you were more fair minded Derek.