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dffdsa432 | 2 years ago

What is your point? $1.5 million is used to attract a CEO who can manage a large corporation. That is less than many players on second tier English clubs who are riding the pine. That is a rounding error when considering $233 billion paid to unions.

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rightbyte|2 years ago

CEOs have almost no competitive pressure. They are mostly recruited within the upper class.

Paying more won't net you a better one.

darkclouds|2 years ago

>CEOs have almost no competitive pressure.

Yes they do, from rival businesses, superior and new technology, just look at Chat-GPT potentially putting programmers out of work, or telegrams being made redundant by pagers, and text messages and email.

@arethuza

>CEOs of corporations of the same size quite often have to find and retain customers in competitive markets - which is hardly the case with Thames Water?

Water companies are delivering a minimum standard of water, call it the least toxic form of water considering the energy constraints and logistics of delivering water en-masse compared to other methods of obtaining water.

Mains water from a very young age always made me sick, so where possible I use bottled spring water in the kettle, but am currently considering a reverse osmosis water filter, to deionise the water in the house as much as possible.

Deionised water is the best tasting, sweetest tasting water I've ever experienced, and if I listened to the medical experts I should be dead on numerous counts of their assertations. So two fingers up to them as well! LOL

DharmaPolice|2 years ago

"Paid to unions"? Do you mean paid to staff who might be members of unions? And if so why you are comparing money paid to a specific company to money paid to union members across the entire public sector?

youngtaff|2 years ago

As you were asked before where are the unions paid $233bn?

If the RMT had that amount of money I’ve no doubt Mick Lynch would be using it to buy the railways

smcl|2 years ago

I don't think you want to point at English football clubs if we're talking about sensible compensation, not least since one of the issues highlighted in the article are the debt load of these English and Welsh water companies.