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[tsubaki]

It was deffo not a policy to discourage dividend payments mate. And you make it sound like paying dividends is a bad thing. Its the reward to shareholders for financing the company in the first place. Like interest from the bank. Its also a sign that a company is well run, profitable, and has most likely achieved that position by doing exactly that.

Not sure there are that many firms in the City left who were financed in the first place by their shareholders (and those shareholders are still around) tbh.

 

[magicjuan]

Holier than thou rubbish. I'm joking but you have to draw a line somewhere. I'm not suggesting only rewarding superhuman behaviour but the idea Bob should get a load of shares for simply turning up is madness in my opinion. That's one small step away from communism.

But yours is patent self centred arrogance.
How about drawing the line at starving children instead of perpetuating a system of hierarchy that is at present eating itself and killing the planet at the same time?

 

[magicjuan]

I bought a load the other week, then sold them at a profit. It cost me under £30.

Did you spank yourself silly at the success? Are you David Dickinson?

 

[magicjuan]

In my experience, other than in sales, who do have a direct correlation between results and pay, when a company has declared a company wide bonus it has been across the board. Either its been a % of salary, shares based on experience, (with everyone getting sommet), and once, way back, everyone was given an extra wedge of £150 at Christmas for some reason. Some anniversary iirc.

My experience was that the percentages/amounts reduced as you went dow the payscales.

 

[random]

My experience was that the percentages/amounts reduced as you went down the payscales.

Think that is the case in the majority of firms no matter what the industry

 

[roydo]

Not sure there are that many firms in the City left who were financed in the first place by their shareholders (and those shareholders are still around) tbh.

No, granted, the original shareholders in Tesco are well gone. But the premise is the same. When companies require capital they are just as likely to offer new shares as to take on debt from a bank. In return, the big ones pay a dividend.

And I could point you to numerous examples from my previous life where a major shareholder, (thats circa 4% and usually a pension fund), has prevented what they thought was excessive director pay.

 

[Charlie Sweet]

But yours is patent self centred arrogance.
How about drawing the line at starving children instead of perpetuating a system of hierarchy that is at present eating itself and killing the planet at the same time?

You're deliberately conflating disparate issues.

I don't believe a worker should receive equity in a business simply as a factor of their employment. I believe modern culture particularly would abuse that approach.

If workers contribute to the success of a business they should share in its ownership. Absolutely. In the same way the original risk taker or idea generator should have the majority stake.

Environmental laws and governance are a separate matter completely and I agree should be much enhanced.

There already many instances of consumers actively seeking out fairtrade or other "green" products at personal expense. Most consumers want to do their bit and that could be better promoted.

 

[edge]

You don't/didn't know anyone with £1.30 spare to buy a share in BT?

think you had to buy a certain amount at the time Bruce if memory serves me right.

 

[roydo]

think you had to buy a certain amount at the time Bruce if memory serves me right.

IIRC, it was £50.00. Worked in a bank at the time, and recall processing the cheques. Might be wrong mind. Sure the internet will tell me if I am.

 

[tsubaki]

No, granted, the original shareholders in Tesco are well gone. But the premise is the same. When companies require capital they are just as likely to offer new shares as to take on debt from a bank. In return, the big ones pay a dividend.

And I could point you to numerous examples from my previous life where a major shareholder, (thats circa 4% and usually a pension fund), has prevented what they thought was excessive director pay.

Indeed, and there are probably as many instances where share price (and dividends) have been kept high for reasons not to do with how a firm is actually doing.

 

[roydo]

Indeed, and there are probably as many instances where share price (and dividends) have been kept high for reasons not to do with how a firm is actually doing.

Well the share price is largely at the mercy of the market, but the divis, yeah, some companies are known as decent payers, and know that a move away from that stance will spook their bigger shareholders

 

[zzr45]

Did you spank yourself silly at the success? Are you David Dickinson?

Not really, the sad reality of life is that it's better to try and make some money on small stock price fluctuations. If I'm lucky in a month I'll get my groceries paid for in a week. Not Rockerfelleresque.

 

[Charlie Sweet]

Hopefully the rat Kate Hoey is now kicked out of the Labour Party.

 

[Number_25]

Saved the country tonight.

 

[tsubaki]

Hopefully the rat Kate Hoey is now kicked out of the Labour Party.

Only a few months / weeks left for that one. Sorry to repeat these sentiments but in some ways its a shame - as a constituency MP she has been fantastic, but her antics have destroyed her around here.