New Co-op storm as board awards bosses huge pay and bonus deals

[DulwichFox]

What do you do if your company has lost ? 1.5Billion....

and your Chairman has just been busted for buying illegal drugs..

If your company is the Co-op you give your new boss ?3.5m bonus after 1 year in the job...

Nice work.. If you can get it.

http://www.theguardian.com/business/2014/mar/08/new-co-op-storm-pay-deals

DulwichFox.

P.S. Nearly forgot.. you also lay off 5,000 employees..

[LadyNorwood]

DulwichFox Wrote:

-------------------------------------------------------

> What do you do if your company has lost ?

> 1.5Billion....

>

> and your Chairman has just been busted for buying

> illegal drugs..

>

> If your company is the Co-op you give your new

> boss ?3.5m bonus after 1 year in the job...

>

> Nice work.. If you can get it.

>

> http://www.theguardian.com/business/2014/mar/08/n

> ew-co-op-storm-pay-deals

>

> DulwichFox.

>

> P.S. Nearly forgot.. you also lay 5,000

> employees..

Did he lay all 5,000 in his first year? No wonder he needs a bonus, he must be exhausted, poor thing (average of just over 13 shags a day.....) haha

[DulwichFox]

Yes.. I did notice the error.. but did not want to edit it for a third. time.. :)

Should of been 'lay off' not 'lay'

I'll do it now, now that I've explained myself.

DulwichFox

[LadyNorwood]

Oh shame DF - but, yes, it is absolutely disgraceful that an institution that markets itself as 'ethical' is anything but....

[PeckhamRose]

And if those bosses really were passionate about making the Co-op better / "turning it around" it would be because they 'get' the philosophy of the Co-op and thus would work for less money.

Bar stewards.

Now, I have savings in a cheque account with them. To which organisation shall I place it instead? I have a Nationwide account but I do believe it's best not to put all one's eggs-money in the same bank-baskets. Advice for true ethical ideas welcome!