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The chief executive of Shell has said - according to a report in today's Financial Times - that the way he performed for his colossal oil company was neither improved or worsened by the substantial sums of money he is paid.
Most hard-working people already know this, but top executives will be very angry today for someone braking ranks and saying it ...
Take a look at Robert Peston's blog for more detail ... as well as my comments below ...
Comment 11 (leanomist)
I think most people on the front line realise this already - it's simply another corrupt & cosy "Gentlemen's club", that apply Poweromics* ... which is being exposed now for all to see ...
Non-executive renumeration committees are part of the same cosy club - and get the favors paid back to them in return ... the fund managers are part of the same game too (and will also join the firing line) ... The losers are the vast majority of people, who work hard, pay their tax and now live in fear of their job ... whilst others 'gamble' away (and profit from) their pensions (and avoid paying as much tax as possible too) !
Most people in these clubs are 'not entrepreneurs' and normally from the finance community. They are also rarely innovative and tend to systematically destroy long-term value, prosperity and growth (e.g. by failing to innovative and applying simple cost cutting exercises) to obtain a large bonus for achieving short-term financial targets and goals**... people we should challenge, stop and/or retrain in 'value management' ... (not reward them with ridiculous salaries, pensions, bonuses, and pay-offs for failure!) ...
Massive corporate pay settlements and rewarding failure have had their day ... and clear self interest, poor moral values and greed have also had their day too ... the application of Poweromics* is being challenged in Government and it's going to be challenged in business too ...
More people can see it now and it's not going to go away ... for instance I'm writing a Poweromics* blog with more examples to make sure it doesn't ... and to make sure its addressed once and for all ... and anyone who is doing the same will be linked from it too ...
Poor management** and Poweromics have had their day - and with the help of the internet they will soon change forever, and for the better ... because hard-working people will keep the pressure on until it does ... they will vote with their 'voice', their 'feet' and their 'wallet' ... and when the latter two start to occur let's see what happens ...
David Clift, a Future 500 Leader
* Poweromics = People using position and power for their own personal gain, based on poor moral values, self interest and greed ... take a look at my previous comments and at http://poweromics.blogspot.com for instance.
** 21st century leadership and management are completely different to traditional leadership and management, and focus on continuously improving the long-term value of an enterprise and the lives of people ... not creating fear and sacking them.
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