Friday, 15 April 2016

Good news and bad news

I read this morning that the fighters against boardroom greed scored a couple of points yesterday, with shareholder push-back against fancy pay deals that boardrooms had awarded themselves at BP and at Smith & Nephew. Places sufficiently high in the pecking order of the land that their bosses can expect lording or knighting towards the end of their bossing.

But against this can be set the news that some tribunal has ruled that one of the similarly & hugely well paid footballers of the premier division was entitled to normal employee protection rights when his club tired of him for one reason or another. Which I find irritating: people on this sort of money should be able to manage without the sort of safety net which those of us on more modest packages are entitled to. They are getting paid this sort of money in part because their playing life is short and precarious - and if they want to insure against trouble on that front they should go to one of the specialist brokers which do that sort of thing and pay the premiums - not go whining to some tribunal, for all the world like some disaffected clerk who has been laid off.

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