The government made great play of the support from several 'Captains of Industry' (more accurately, cheeses in charge of retail and financial services). It is instructive to take a look at the credibility of some of the CEO's who put their names to the toadying letter in the Telegraph.
Prime suspect No.1 Ian Livingston CEO of BT who trousered £2,105,000 in 2010.
Anyone with recent dealings with BT will know he has not earned one penny of that wad. Have a problem? Dial our 'Helpline' (what a misnomer that is) and get through to Mumbai Madness. Talk to other sufferers and you get comments like, 'You cannot trust a word they say' and 'Read the small print - which is why despite the offers you always seem to end up paying more.' So - he has outsourced help to the point of it being unhelpful and runs a company you cannot trust.
No. 2 Ruby McGregor CEO of the Mitie Group: This company is a major cleaning company in the UK. The great majority of its workers are paid the minimum wage or just above it. The simple little rule that a CEO should not earn more than 10X the lowest paid worker would give Ms McGregor about £100,000. This is some way short of the £1,157,000 she is currently stuffing in her handbag.
Finally, Sir Stuart Rose, Chairman of Marks and Spencer, the well known 'national treasure' who is paid £2,606,000 a year. This is the company who have closed down hundreds of clothing manufacturers in this country and have sent thousands of jobs to the sweatshops of the Far East.
Would you trust any of these leeches to provide the 500,000 jobs needed by those about to be made redundant?
With friends like these...
With friends like these...
Thanks to the Independent for salary details
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