Comments on: An update from the CEO of UK PLC

By: TomTom

TomTom — Mon, 11 May 2009 04:59:19 +0000

Looking at a list it would appear British MPs are remunerated more in line with Italians than Germans or Swedes. Might that explain their attitudes to the public and accountability for public funds ?

By: Colin Sigley

Colin Sigley — Sun, 10 May 2009 21:29:22 +0000

Is it too much to ask that those who govern us:

a. Keep their hands out of our pockets.

b. Keep their nose out of our business.

c. Keep their snouts out of the trough.

By: A. Sedgwick

A. Sedgwick — Sun, 10 May 2009 19:27:18 +0000

I think the vast majority of the nation is exhausted with New Labour in particular and politics in general and we deserve to be put out of our misery with a general election. This is unlikely to happen before 2010. The Conservatives under Cameron have to be more up front and dynamic and seen to be for democracy rather than party. One of the numerous changes that is needed is four year fixed terms to prevent this disaster that is Gordon Brown repeating itself. I very much doubt if this will be a manifesto commitment.

By: Brian Tomkinson

Brian Tomkinson — Sun, 10 May 2009 19:24:29 +0000

Dear CEO,

I refer to your correspondence dated 10 May.

It is clear from this that your remuneration committee has been derelict in their fiduciary duties and must be replaced without delay. There has evidently been a total lack of monitoring and control of directors and staff expenses and allowances, including your own.
This action alone, however, will not be adequate. It is equally clear that there is an urgent requirement to replace the whole Board and senior executives. In particular, your own performance as CEO of UK PLC can only be described as deplorable.
This decision has been reached after several years of poor performance which has culminated in the organisation being driven to the verge of bankruptcy whilst you and your colleagues have happily taken advantage of long-suffering shareholders’ funds.

Consequently, you are on notice to convene an emergency general meeting at which I confidently expect that you and your colleagues will be dismissed and replaced.

You will not receive any severance payment, nor any pension enhancement. In fact advice will be taken to see if your existing over-generous pension arrangements can be reduced to reflect your abysmal performance. I would expect you to concur with this approach as you have repeatedly stated that there should be no reward for failure.

Yours disgustedly,

An exasperated shareholder

By: figurewizard

figurewizard — Sun, 10 May 2009 18:16:02 +0000

What’s missing is the bit about the share price standing at half that of their main competitor as reported in today’s Mail on Sunday.

By: mikestallard

mikestallard — Sun, 10 May 2009 17:32:39 +0000

I love thee CEO thinggies.
The only trouble is that I do not think that most of the Labour front bench even knows what a CEO actually does.

By: mikestallard

mikestallard — Sun, 10 May 2009 17:31:31 +0000

Did anyone else read Janet Daley’s suggested Cabinet in this morning’s Telegraph?

By: StevenL

StevenL — Sun, 10 May 2009 14:23:01 +0000

A cynic would say they wanted to reform the allowances to cover investments other than property, which let’s face it, has been having a bit of a bad time recently.

I think you should all keep the second homes allowance personally, though luck if they market is stagnated.

By: Demetrius

Demetrius — Sun, 10 May 2009 09:37:49 +0000

From the evidence of the “Oberver” today, our government is much too busy with more pressing matters. In the case of the Minister for Europe it is which red frock to wear, whether her constituents will like her pink high heels, and will this get the votes of the young first time electors. All this economic stuff is no go and confuses people.

By: Stuart Fairney

Stuart Fairney — Sun, 10 May 2009 08:12:15 +0000

I suspect you may modestly delope at this suggestion, but if Mr Cameron doesn’t give you a Cabinet job in a years time, then he may not be making best use of his bountiful resources.