Reply to post: Re: Why bother reading this stuff...

Stop us if you've heard this one: Microsoft UK enjoys a jump in profits, pays a bit less in tax

LucreLout

Re: Why bother reading this stuff...

or to the people that may employ execs when they leave.

Usually nobody, as it happens. Paying for talent, at the top, is a barely disguised myth. Most FTSE 100 CEO's have never led another FTSE 100 company and most never will. There is no next job.

What they end up doing is whiling away their time in the charity/non-profit sector because despite what they said at the time, they weren't really in it for the money as much as for the power. When they go to work, everyone listens, everyone obeys, and everyone wants their time. When they go home, their wife & kids don't listen to them any more than mine listen to me or yours listen to you, and they simply have nothing to do.

CEO pay could be half or less what it is now and you'd still have exactly the same people queuing up to do exactly the same job with the same level of focus and effort.

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