Fiddling while Rome burns
A mere drop in the ocean.
I could go on but the dog needs a walk. Doing that is about as productive as those two are on a good day. The Crapita was given to the company with good reason.
Capita's CEO, Jon Lewis, and his chief bean counter are taking a "voluntary" pay cut of 25 per cent for six months from 1 April in and among other "difficult decisions" the business says it will be forced to make during the COVID-19 pandemic. Lewis kicked off the memo sent to his troops on 20 March – seen by us – by saying …
I worked it out as about a 9% cut in total remuneration, approx 1.8 million in place of 2 million if calculated that way. I'm not sure if he's expecting a medal for public service for this noble sacrifice, but I'm sure the "cost base" he's talking about having to reduce (i.e. the employees he's going to give the boot to) will be happy to do their bit for future profitability and executive bonuses.
I'm sure the "cost base" he's talking about having to reduce (i.e. the employees he's going to give the boot to) will be happy to do their bit for future profitability and executive bonuses
Oh they'll be doing more than their bit; they'll be giving their all.
An exercise in sheer cynicism. Lewis takes a 25% cut in pay but then claims back 80% from the taxpayer.
Capita knows all about how to exploit the poor taxpayer in the UK while shedding crocodile tears. Expect next to hear that Lewis has "volunteered" all his staff to work as cleaners in the worst-hit hospitals - saves redundancy payments.
They can afford it. Hell, they can afford 75% in those conditions.
Yes, quite. If in a "normal" year my comp was measured by the million, in a time like this I'd commit to working for free - the aim, surely, would be to hang onto the job for when the good times roll again, which will happen one day.
Frankly, if my current gig wanted me to work unpaid for a few months I might be able to afford that and would prefer to hang on to my role. That's not something most people could afford, but the guys the article is about could probably afford to never work again - and that may well include their descendants too.
I expect this is a precursor to tightening the purse strings in general while expecting all the other less well paid staff to 'pull together in these difficult times'.
After the six months, Board room pay will resume while the staff will continue to 'pull together'.
Capita's bosses should be paid on a profit related basis tied in with real savings to clients, that should put most of them on par or lower than the bloke who unblocks the boardroom toilet, something, that judging by comments from the board gets blocked regularly.
Comms are out, "If you cannot work from home... your role may be furloughed in accordance with the UK government scheme."
Mass email to all yesterday. Reassuring to read.
Sloughing seems a better descriptor and a way to profitably remove dead skin.
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