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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.

Entire Thread
TopicDate PostedPosted 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

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