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Tom Winnifrith Bearcast 10 April - hang FTSE fat cats from BP & elsewhere up with piano wire

By Tom Winnifrith, The Sheriff of AIM

10 April 2016 09:05

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FTSE 100 fat cats are in the news. They should be strung up with piano wire. I say this as a capitalist my father, a deluded lefty, nods in agreement in the background as I record. I should record that the old lefty was a managerial fat cat this morning as I dug his garden as an exploited worker. Referencing BP in particular I explain who is failing us and why it cannot go on like this.

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Comments

Andy

10 April 2016, 12:40

I couldn’t agree more. I run my own company. Growing it is incredibly hard and very dangerous. It ALWAYS entails me spending and risking lots of money. This is often in the form of debt. One day, I hope to make a million. If I do, it will be at huge personal and financial cost/risk. In short, I will deserve it!

But these glorified managers of big companies are a whole different beast. At some point, I will be able to employ a manager to run my business while I sit on a beach. But there is no way he/she will deserve the same rewards as I (hopefully) will be getting. Managing a company and building one is a massively different task and the former is MUCH easier than the latter.

I worry hugely about the way things work now. For some, there seems to be an endless supply of easy money. This free money is paid for by the other 99% and inequality is greater than I have ever seen in my lifetime.

Please DO get rich. But not via ripping off the rest of the population. Got off your arse and build something.
warun boofit

10 April 2016, 14:03

The 2015 BP Directors renumeration report states ; ‘ Renumeration is directly linked to strategy and performance, with a particular emphasis on matching rewards to results over the long term’.

I would like to enter this statement for moron of the week, unfortunately the person responsible for writing it does not leave their name on the BP website but never mind as I feel its worthy of BBM of the week contest.