Honest day’s pay for an honest day’s work, aye?
March 1st, 2010Quick-quiz: How many of you out there think that “non-executive” means the same as “doesn’t do anything”? As in “non-executive director”?
I thought that being a NED meant to turn up to the meeting, eat the biscuits, read the minutes, send texts to your mistress and nod through pay rises. Their performance at scrutinising RBS, among others, says I’m right.
But maybe I’m wrong. They must be working awfy hard, because according to this story, they’ve been given a payrise of more than 5% across big companies. Meanwhile, workers are seeing pay freezes (always a cut in real-terms, remember) if they’ve not been put on short hours to “save” their jobs.
What happened to “fair day’s work for a fair day’s pay?” Seems like that was only ever meant to work one way. Fuck the wages system.
