| Topic: | Re:Re:Quote | |
| Posted by: | David McLoughlin | |
| Date/Time: | 06/05/15 18:03:00 |
| I thing genuine entrepreneurs deserve respect. However the rise in incomes of the top 0.1% is not due to their entrepreneurial ability. It's down to the fact that they are in a position to extract economic rent due to their positions at the top of large companies. That's why the ratio of Chief Executive pay to average pay in most big companies has multiplied over the last 30 years. Here's a quote from the FT, 5 May which makes the point about rent extraction 'Hedge fund pay down as top 25 managers bank total of $11.6bn' . That's a mere $464 million each or £300 million. |
| Topic | Date Posted | Posted By |
| Quote | 06/05/15 14:45:00 | John Southey |
| Re:Quote | 06/05/15 14:49:00 | Vanessa Smith |
| Re:Re:Quote | 06/05/15 16:19:00 | Richard Greenhough |
| Re:Quote | 06/05/15 14:54:00 | Dan Murphy |
| Re:Re:Quote | 06/05/15 15:06:00 | Pete Mayes |
| Re:Re:Re:Quote | 06/05/15 15:08:00 | Pete Mayes |
| Re:Re:Quote | 06/05/15 15:15:00 | James Holmes-Siedle |
| Re:Quote | 06/05/15 17:13:00 | Denis Fox |
| Re:Re:Quote | 06/05/15 17:55:00 | Alan Clark |
| Re:Re:Quote | 06/05/15 18:03:00 | David McLoughlin |
| Re:Re:Quote | 06/05/15 18:04:00 | Viv Griffiths |