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Leighton here to stay?

12 Feb 2007, 13:49

[color=darkblue][quote]A spokesman for the CVC-led consortium, which is working on an offer for J Sainsbury, has adamantly denied any interest in recruiting the current chairman of Royal Mail, Allan Leighton, as chairman of J Sainsbury should they succeed in acquiring the supermarket chain. The spokesman said, “The consortium has not approached Allan Leighton. He is not a part of our plans.â€

12 Feb 2007, 13:52

Are we just a f***ing stop gap or a pension boost then,he likes his money dont he.
The Sunday Telegraph has reported that Allan Leighton, the ex-Asda chief being touted as the possible head of a private-equity-owned J Sainsbury, led a previously undisclosed attempt to buy the supermarket chain in February 2005.



GREEDY *******

16 Feb 2007, 21:53

Leighton might be able to take that role, because he only works 1 or 2 days a week for rm, but he wont leave a the gravy train hes on now, we got £400 quid bonus last may, ive heard he got 1.8 million, greedy b****ard.

17 Feb 2007, 20:32

The poor bloke must be knackered - he has Directorships with Dyson, Lastminute.com, Scottish Power and Cannons to name but a few.

He is currently Deputy Chairman, Selfridges & Co; Chairman, British Home Stores Ltd; Director, George Weston Ltd; Non Executive Director, BskyB; and Vice Chairman of Leeds United.

If he rubs his companies like his football team then we're all f****d.....

17 Feb 2007, 20:45

...and let's not forget his mate Adam Crozier, the group chief executive of Royal Mail, with a salary, pension and bonus deal of £1,038,000.

Bet he doesn't shop at Netto.....

17 Feb 2007, 22:40

:oops: We're just a pile of s**t they have to step over to get what rightfully belongs to them :no no

Hold on...

18 Feb 2007, 19:19

He is responsible for the performance of every delivery round, mail centre and Collection hub etc...

His bonus as a proportion is actually smaller than yours!

He is responsible for making sure every item gets where it should go, you have to look after approx. 2500 (correct if I'm way out) a day. He is responsible for circa. 80 million.

If you think this rationale is a pile of cr*p then write back.

F0zzie

Now you've gone and spoilt it.

18 Feb 2007, 23:14

F0zziebear wrote:He is responsible for the performance of every delivery round, mail centre and Collection hub etc...

His bonus as a proportion is actually smaller than yours!

He is responsible for making sure every item gets where it should go, you have to look after approx. 2500 (correct if I'm way out) a day. He is responsible for circa. 80 million.

If you think this rationale is a pile of cr*p then write back.

F0zzie

Now that's a shame,i mean,you've been so good,and then you go and spoil it by talking a load of BOLLOX. :wink:
Didn't i just reply to a post of yours in the 'Drop off points malarkey' thread :hmmmm
Maybe if they knew what they were doing then perhaps the 'massive logisitcal exercise' would not be so massive,and that's just the tip of the iceberg.

Are you talking about big Al of little Adam?anyways my answer would be the same for both of them.
No doubt they both negotiated their salarys,and no doubt they both sleep well at night with their high interest bank accounts earning them more cash.
It's very easy to sit at a board meeting giving out orders to their lackeys 'cut this','cut that'.
Responsible for what you said above,don't make me laugh,like they have a clue as to what actually goes on.
Their weekly or monthly sales/cuts/who did what/who did where/and who do it it and how/figures is all they know.

Maybe a bit of nievity from me again with my post,but i guess you know that about me anyway,but NO i don't think they're worth what they're being payed.

Sitting at a board meeting being told this and that and then saying 'yes' that's a good idea do that.
Nice work if you can get it :roll:

I know it's not as simple as i've put it,but i don't think i'm that far off.

re: OK so how much should they be paid - basic salary

18 Feb 2007, 23:42

Basic Salary

Then use a comparison of the extra's a postie gets and what the CEO and/or the Chairman should get.

:d'oh!

The F0zz

Re: re: OK so how much should they be paid - basic salary

19 Feb 2007, 00:31

F0zziebear wrote:Basic Salary

Then use a comparison of the extra's a postie gets and what the CEO and/or the Chairman should get.

:d'oh!

The F0zz

Lol i seem to have hit a nerve Fozz :Very Happy i wont copy/paste them all do a google 'fat cats salaries'
Here's a few bits.

Why are high wages showered upon some while others toil long hours at essential work for very little?


This one's interesting.2006 Survey
Boardroom pay has exploded by almost 30%, more than seven times the rate for ordinary workers.


I like this quote from another one :roll:
Labour says it plans to force companies to reveal details of directors' salaries and bonuses in a long-awaited clampdown on boardroom 'fat cats'.

But.
:funneh
The announcement, on Wednesday, was overshadowed by Mr Brown's budget.


BBC

As for what i think they should be payed,it's like the Prem Footballers shite,if you're wanted by one of the big boys,you godda pay big bucks.
Jumping on the band wagon springs to mind.
Reading through some of it there's a lot of bonuses and pensions contribs,not bad for these people who cut jobs and make people work harder.
It's not just with us it's everywhere in the scum world of the boardrooms,it's life i suppose,and i'm sure they're worth every penny :roll:

I found this interesting.
2006
The British company with the worst-paid staff is Next, whose staff - many of whom are part-time - earned an average £10,306.

Hey,looks like they'll be getting a reprieve.

re: Shirking the question

19 Feb 2007, 09:58

Sitting on the fence like that can cause irreverible damage!

Don't get me wrong, living in a utopia where you get paid the same regardless of what job you do is something I agree with. However, we both live in a capitalist society that differentiates between different jobs.

As a former boss of mine once said if you don't like it go somewhere else.

Adam Crozier is eseentially running a private business (which is currently 100% shareholder owned by the Government) to call him a civil servant is incorrect on this basis. He is there to provide a service to customers as stated on the 'stamp' when they buy it (who is the customer?). He is also responsible for delivering financial targets amongst others.

As for cutting jobs, its not as easy and straight forward. He learnt a harsh lesson just over 3 years ago when he encouraged 3000 people to leave. Plenty put their hand up, but they were the talented ones, one's with specialisit skills, and the one's who could easily get similarily paid jobs in other sectors. The remaining one's were people who could not afford to leave, and many who could not wish to get the same pay outside of RM.

Over the last 10-20 years the level of management increased and stifled the company. It has only been right to get rid of those layers.

I think he is just about justified in his salary because he has to take both the flak and the credit when things go well or badly. He will ultimately get the sack if targets are not met (are they fudged?). When have you seen a postman getting the sack at the end of the year for poor performance? Yet in the packet there 100% gauranteed bonus's.

All I'm asking is that we see the picture for all sides and not lay into him prely on the absolute amount he is paid, as this distorts the picture!

F0zzie

Re: re: Shirking the question

19 Feb 2007, 14:13

F0zziebear wrote:Sitting on the fence like that can cause irreverible damage!

When have you seen a postman getting the sack at the end of the year for poor performance? Yet in the packet there 100% gauranteed bonus's.

All I'm asking is that we see the picture for all sides and not lay into him prely on the absolute amount he is paid, as this distorts the picture!

F0zzie


I saw one get sacked 3 weeks ago for constantly being late - no bonus for him (or us this year I think).

re: OK fair point

19 Feb 2007, 15:54

Being late is just being stupid. I'm talking about people who sort slowly, make continuous mistakes etc...

Anyway this topic was about Big Al and his shopping trolley.

I went to a talk by him in November and he was previously approached to take over the NHS, so think yourself lucky!

19 Feb 2007, 20:02

Geordie wrote:The poor bloke must be knackered - he has Directorships with Dyson, Lastminute.com, Scottish Power and Cannons to name but a few.

He is currently Deputy Chairman, Selfridges & Co; Chairman, British Home Stores Ltd; Director, George Weston Ltd; Non Executive Director, BskyB; and Vice Chairman of Leeds United ...



NO WONDER THEY'RE BOTTOM OF THE CHAMPIONSHIP, IF LEIGHTON ENCOURAGES THE PLAYERS TO VISIT TARTS :roll:

19 Feb 2007, 22:20

Fozzie,

With the greatest respect, you're talking absolute bo**ocks.

Leighton and Crozier get paid, regardless of the state of the company. One million a year for sitting on yer backside year after year, after year.

They're the same as any other boardroom member anywhere - if the company does well, it's all down to them and their hard work.

If the company goes t*ts up, it's everyone's fault, except theirs!

When Leighton took over, we had an industry that had made 21 years continuous profit, peaking at over £500 million.

Within a year to 18 months, that same industry was £500 million in the red. £1 billion disappeared virtually overnight.

Within 3 years, that same industry had, ahem, 'turned the corner' and was back to £500 million in profit.

Business guru supreme, or creative accountancy?

My phantom share money's on the latter..

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