Monday, October 30, 2006

Does Polly know what libel is?

Because, if there's any justice in the world, she would be about to be sued for it; my contention comes from her Friday piece of last week, wherein she wrote the following dodgy statement. [Emphasis mine.]
[W]hy do directors pay themselves obscene sums, a 28% rise in the boardrooms this year, all of it stolen from citizens' pension funds and Peps?

Really, Pol? "Stolen" is it? Can you absolutely prove that? Or is it fair renumeration, approved by shareholders, for a job well done? In any case, Polly, you are accusing the directors of criminal activity; now, you may view their payrises as immoral and thus, in your lexicon of hatred and jealousy, as being illegal but, unfortunately for you, they have not actually broken any law (not in the matter of pay, anyway).

Got a good lawyer, Pol? Or will The Grauniad lent you one of theirs—a sort of perk of the job, as it were?
No party dare ask these questions - though on the day when MPs' relatively modest expenses come under the magnifying glass, why not? Everything politicians do is monitored while the business kleptocracy goes largely unchallenged.

Yeah, although since politicians gain their money through extortion with menaces from the good citizens of this country, I think that those citizens are entitled to question the method in which the government spends that money; especially since they are supposed to be spending it on our behalf.

Still, as Timmy pointed out, the best rebuttal of this nonsense is in the Comments.
This year the Guardian Media Group (Guardian, Observer & Guardian On-line) made losses of almost £50m. Alan Rusbridger, editor and board director, saw his pay rise from £373,000 to £504,000. A rise of 35%.

Well, quite. What was your payrise, Polly? I assume that you have had one this year; so, tell us: how much more than £140,000 do you need? And is it all stolen from the Peps and pension funds of the citizens?

Polly, you really are a complete fucktard.

6 comments:

Prodicus said...

Her memory is as bad as her grasp of reality. Her one-eyed friend stole our pension money leaving not a lot for anyone else to steal. This talented thinker single-handedly wrecked the best pension system in the world. Give him a banana. No, a raspberry, or rather a whole handful of green, squishy ones, right in the other eye. And get another handful ready for Gideon, lest he forget that he must restore our money as soon as his arse hits the chair in No. 11. Which policy I don't remember him mentioning although I may have missed something.

Anonymous said...

Not to mention the £40M every day going to Brussels to line the pockets of trash like Mandlebum.

Can't wait for the Green Fascists outburst later today.

peter said...

God I love your posts, I sit here in the wilds of France 50k from Bordeaux, looking through the blogs, knowing that here wine is cheaper than water,and I am entertained by the way you rip the fuckwits apart.
In one months time I get my state pension delivered to my door in euros and I will drink a toast to all you bloggers and curse those parasitic politicians and their cronies with the best St Emillion that I can buy in that same beautiful little bastide town.

Devil's Kitchen said...

Peter,
Glad you enjoy! And I'm also slightly envious; drink a bottle for me, eh?

Jeremy,
I'm gritting my teeth just thinking about it.

Prodicus,
Yes, I missed a trick there, didn't I?

DK

Martin said...

Prodicus,

Not quite right.

The Gobblin King dealt the coup de grace to a pension system which was also suffering from the effects of stuff like the Tory 'contribution holidays', which assumed that the Footsie would keep wafting ever upward.

The fund managers also never get the flak they fully deserve for having over-exposed their funds to equities.

DK,

While Polly might have chosen her words slightly more carefully, I have to agree with her in spirit.

Most remuneration committees are composed of non-exec directors, and in the PLC's the institutional shareholders vastly outvote the grannies. One can't help but think that this outcome is not an effective control against pecculent executive compensation. The sheer scale of increases in exec compensation should be a corporate governance issue.

The Sunday Telegraph published a very good article on such subjects yesterday -

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/10/29/ccpriv29.xml

Martin said...

Prodicus,

On October 22 the Sunday telegraph published this letter on the subject of responsibility for the pensions crisis -


http://www.telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2006/10/22/nosplit/dt2201.xml#head1

it's worth a read.