Comment on Water Boss Handed £270k Bonus Despite Parasite Outbreak
tenebrisnox@feddit.uk 13 hours agoYou said:
CEOs typically have a low base pay to bonus ratio, i.e. their bonus is their wage.
In this case it’s untrue. Not sure what your salary’s like but for 99% of the country, £440k is not a “low base pay”. By quibbling about the headline you try to distract from the grotesque nature of the way the water companies function.
Gladaed@feddit.org 13 hours ago
I SAID RATIO. I never said their base pay wasn’t a living wage. You even quote me correctly and still interpret it your way.
tenebrisnox@feddit.uk 12 hours ago
Nothing to do with interpretation. Their base pay isn’t low (even as a ratio). You’ve not offered any evidence about the wage to bonus ratio (lack of evidence being your original gripe) You’re either willfully ideologically ignorant or disingenuous. I would guess from seeing other posts that it’s the latter.
Gladaed@feddit.org 12 hours ago
10% of your wage being base pay is absolutely a low percentage. Example: ipcconsultants.com/…/global-ceo-compensation-tren…
tenebrisnox@feddit.uk 11 hours ago
Can you explain how that works for the least paid water CEO who earns £440k + bonus? Or the highest paid who receives £3.3 million + bonus?
I think I understand that you’re making some sort of abstract, generalised point about CEO pay - but can you explain how that applies here to the pay of water fat cats?