Saturday, September 01, 2007

65% pay rise

Further to our previous posts on the pay rises that company executives generously award themselves , we read that directors at Dawn Group, one of Scotland's largest privately-owned construction and property companies, gave themselves a 65% pay hike in a year in which profits fell.

The remuneration of its highest-paid director, assumed to be Macdonald, climbed to £228,830, from £219,341.

1 comment:

egoutture said...

It is one of those things that everybody knows, but it takes a research group to tell us about it.. "A child born to a labourer is six times more likely to suffer extreme poverty by the age of 30 than one born to a lawyer, a major study has revealed. In a remarkable portrait of childhood in Britain, academics have exposed a society in which inequalities are entrenched and social mobility is a myth. Millions of bright children face 'multiple deprivations' in adulthood simply because of the circumstances of their birth. ...The report, to be published tomorrow by the National Children's Bureau, the Institute of Education in London and the Family and Parenting Institute, shows how the homes children are brought up in, their parents' jobs and their family income have had a huge impact on future prospects. (Observer, 2 September) This academic investigation has come to the conclusion that kids born of poor parents have less chance of escaping poverty than those born in rich ones. Wow, amazing - next thing you know they will tell us that capitalism favours the rich.