Virgin Media's Berkett paid £3.6m in 2009

[dgcarter]

Originally Posted by pip08456

I cannot see any problem with anyone getting a performance related bonus. If you don't deliver what you are contracted to do then you don't get it.

Many years ago when I worked in manufacturing I was a Machine operator on a basic pay of £39.00 per week plus performance related bonuses, my take - home pay per week was £98.00, a lot of money then.

Equate that from the late 70's to now. I would be on quite a few thou a week!

I'm all in favour of people being paid what they're worth. I'd like therefore to propose a new charging model for VM, instead of charging a fixed amount each month, how about we all send them a cheque for what we think it's been worth? Any support for this?

Originally Posted by dgcarter

I'm all in favour of people being paid what they're worth. I'd like therefore to propose a new charging model for VM, instead of charging a fixed amount each month, how about we all send them a cheque for what we think it's been worth? Any support for this?

But the parameters and targets for this chap's pay/bonuses were previously agreed, and he met/exceeded those parameters, so he wasn't just paid what he thought he was worth - you are comparing apples with hermaphrodites...

[Arthurgray50@blu]

I don't care what anyone says, no one is worth that sort of money, it is absolutely bonkers to pay that some of money to anyone.

A service is paid for by the customer, and therefore we are paying his wages, and the service that we get is poor, we might have a good Phone and bb service, but he should vastly improve the cs we get, we don't get told anything, VM is like getting on the circle line, it goes round and round and nothing happens.

Total digusting salary. I would have to work for the next twenty years to get anything nearly a million, let alone a years salary.

[TheDon]

Originally Posted by Arthurgray50@blu

I don't care what anyone says, no one is worth that sort of money, it is absolutely bonkers to pay that some of money to anyone.

Look at how much money he has saved the company. Operating costs, SG&A, both down year on year by far more than it costs to employ him.

Compare his earnings to savings he's made and you'll see that it's an absolute bargain. People who save big companies millions are worth millions. That's how business works. He's paid less than 1/10th of what he's saved the company.

Originally Posted by Arthurgray50@blu

I don't care what anyone says, no one is worth that sort of money, it is absolutely bonkers to pay that some of money to anyone.

A service is paid for by the customer, and therefore we are paying his wages, and the service that we get is poor, we might have a good Phone and bb service, but he should vastly improve the cs we get, we don't get told anything, VM is like getting on the circle line, it goes round and round and nothing happens.

Total digusting salary. I would have to work for the next twenty years to get anything nearly a million, let alone a years salary.

Bloddy hell, Arthur - you earn 50k per year! Impressive!

[piggy]

he hit target by imposing a pay freeze on the people who earn the least how is that fair?

[Arthurgray50@blu]

No l earn about 25k per year, but l feel that NO ONE is worth that amount of money, he might run VM, and people feel that he deserves it, but l don't.

There are loads of people that work hard for 12 /15 hours a day for a pittance of of a wage to put food on the table for there families, l don't agree that people are worth that, look at footballers - and l know it going off the topic, £100.000 per week. its disgraceful.

[TheDon]

How do you judge how much someone is worth?

If someone saves a company millions then they are surely worth millions.

If someone brings a company in millions of additional revenue then surely they are worth millions.

Footballers are paid millions because they generate millions in revenue. There's nothing disgraceful about it, it's simple businesses.

[piggy]

Originally Posted by TheDon

How do you judge how much someone is worth?

If someone saves a company millions then they are surely worth millions.

If someone brings a company in millions of additional revenue then surely they are worth millions.

Footballers are paid millions because they generate millions in revenue. There's nothing disgraceful about it, it's simple businesses.

berkett saved money by cutting and freezing pay for normal people then gave himself a large bonus, not exactly moral is it

[zantarous]

He had a pay freeze, plus he didn't give himself a bonus that was in his contract presumably drawn up by a board of shareholders. Loads of companies had pay freezes last year (the one I work for included) and that didn't stop those that make the company money from getting a bonus.

Most people have to remember that a a chap in Berketts positions isn't a paper pusher or a telephone operator. He is responsible for the entire company and when it all goes wrong and the company makes a huge loss he will be tossed out on his ass just as quick. It just so happens that he has done quite a good job of late especially in an economic climate that the likes of us have never seen before.

[*sloman*]

Does that incl bonus or is that basic pay?

[zantarous]

Originally Posted by *sloman*

Does that incl bonus or is that basic pay?

His total pay last year constituted a base salary of £564,347 - down 10% on his 2008 pay of £627,577 - along with stock and incentive plan awards of £3m and £159,518 in "other compensation". His actual take-home pay after deductions stood at £2.5m.

[TheDon]

Originally Posted by piggy

berkett saved money by cutting and freezing pay for normal people then gave himself a large bonus, not exactly moral is it

He isn't responsible for his bonus size.
"Normal people" had a pay freeze, he had a pay cut. Sounds fair to me?

[Arthurgray50@blu]

NO company should pay a member of staff that amount of money, Each year that staff have the have the wage frozen and told there wage must be within a certain figure, a poultry figure, an yet the management, paid themself a huge salary and added additions.

Arthur, do you read other posts - he actually took a cut in his basic......