That's a lot of ground to cover in 30 years, proof that results pay better in car auctions catering to the megawealthy, than anywhere else.
The boss of a used car dealership has been awarded a bumper £29million bonus. Webuyanycar.com which is owned by British Car Auctions, defended the huge payout by saying it needed to pay a “competitive” rate, and this is to be expected based on the £7.1million payout from the company in 2015, a year after she joined.
The bonus, which is nearly 60 times her £525,000 annual salary, is the result of an incentive plan, linked to an increase in the share price, drawn up four years ago to grow the parent company which auctions about 750,000 used cars in the UK a year.
On top of this, she will also receive an eight per cent increase to her basic salary.
https://www.express.co.uk/news/uk/1012149/outrage-car-dealer-boss-bumper-29-million-bonus
The boss of a used car dealership has been awarded a bumper £29million bonus. Webuyanycar.com which is owned by British Car Auctions, defended the huge payout by saying it needed to pay a “competitive” rate, and this is to be expected based on the £7.1million payout from the company in 2015, a year after she joined.
The bonus, which is nearly 60 times her £525,000 annual salary, is the result of an incentive plan, linked to an increase in the share price, drawn up four years ago to grow the parent company which auctions about 750,000 used cars in the UK a year.
On top of this, she will also receive an eight per cent increase to her basic salary.
https://www.express.co.uk/news/uk/1012149/outrage-car-dealer-boss-bumper-29-million-bonus
I know we would all like more money but really what do these people do with their mega salaries, gold plated underwear aside?
ReplyDeleteWell, considering the 2015 to present income conservatively, That's about 2 million pounds in salary, and 36 million in bonus money that is reported in that article. so, 38 million pounds, the queen gets about 60%, then she has around 18 million pounds, in 4 years.. so, 4.25 million for the past 4 years on average. Then she's married, so, since her hubby is a VW exec, we can figure he makes at least a half million a year, and between the two of them, a place in London, close to work is around what either of them make a year... about a half million pounds, they are going to have about 4 million a year for the past 4 years to invest with, travel for vacations with, a race car or yacht, and then expensive waste of money hobbies... and they are down to about a 2 million pounds a year left in the bank to grow at 10% high yield bonds, or money market accounts, or 401k.
DeleteAfter all, what would you do with (4 million pounds is worth) 5 million dollars, a year, on average? When you still have to show up to work 5 or 6 times a week, and travel for 10-20 meetings a year.
Live lavishly I expect. Personal trainer, chef, and several interesting lessons a month would eat up 10 to 20k a month. Pilots training and paragliding, yachting and race track time...
Life would be as amazing as your imagination and innovation could make it.
See any concert at all, and theater, and movie previews... become silent partner in a couple chef restaurants - and get fed the most amazing whatever you like... picture the movie Chef - with the Dustin Hoffman and Jon Favreau business arrangement without the fights.
Then get into some group events where other like minded people with extremely interesting lifes are mixing... like boat building, car restorations, interior designers hired to fix up and flip homes and farms, tv show production crew assistant, gourmet food truck investing, zipline afficianado, cart racing championship ambitions, antique shop cruising
the mind truly boggles at the possibilities when money doesn't have limits.
build a couple businesses with contractors, power and plumbing installations in 3rd world countries, apartment building aquistions, renovations, and renting... trade med school tuition for lab work expertise and speed up all the damn testing that holds up all the law enforcement results, plus have free medical clinics and health care check ups for the poor, elderly, and homeless. Get into partnerships with entrepreneurs who are looking to do charity or non-profit work like the laundry and showers on wheels. Start some schools for teens that want to learn the trades - and get them apprenticing with your companies that do the power and plumbing, and gourmet food, and you'll be enabling a generation to get jobs, careers, and become self sufficient, while helping the next generation to their feet
Deletepeople with money truly have no imagination on what to do... hire lawyers to do pro bono work while training law students, hire the homeless to get around and see what jobs are available, and then put some interns to work making a database website to put the job alerts on the internet, and hire the people that are unemployed, homeless, or looking for a better job. And in all of it, offering training to anyone that wants to work with anyone you've got hired, and then taking all the companies you work with and turning over half the profits to reinvest and grow the programs... work towards solving hunger issues, with farming, homeless issues with farming, unemployment issues with training anyone that will intern, and go door to door to business HR departments to learn what job ops exist, how to train people to fill them, etc. Meanwhile, hire some drivers to drive, people to dispatch, and also get the surveying people to ask about what delivery and pick up opportunities exist.
DeleteDid you know most non-profits ask for donations so they can flip the stuff for profits on ebay and amazon? Goodwill and others make a profit on the donations by creating amazon and ebay stores where they hire people to man the online stores, package and ship items.
Deletenot that I've ever given any thought to what I'd do if I won the lotto
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