Comment on Water Boss Handed £270k Bonus Despite Parasite Outbreak
Gladaed@feddit.org 1 week agoMy point was that their pay is usually structured in a way that the base pay is a small percentage of their compensation and their bonuses are a virtually fixed part of their package and tied to company performance. They tend to not get any bonus when performing exceptionally poorly (e.g. going out of business). This means you get these bonus headlines even if they didn’t get a particularly big bonus at all and maybe even had their wage docked. These kinds of headlines are incendiary.
The magnitude of pay really does not matter much at all for this discussion.
tenebrisnox@feddit.uk 1 week ago
Of course it does. Especially so considering this case. In this case not only did the water company plead guilty but the CEO was forced to resign (rightly so). And THEN given a bonus.
In this case, Susan Davy’s salary was £561,000 with bonuses with contracted bonus of £191,000 (in shares, I believe). He bonus for the previous year had been £250k. Again, this factual information doesn’t fit the point you keep repeating. Facts get in the way.
Gladaed@feddit.org 1 week ago
Ok, but that does not counter my point.
tenebrisnox@feddit.uk 1 week ago
Now you’re just trolling: it LITERALLY contradicts your point. I know politicians think they can get away with it, but simply repeating something doesn’t make it true.