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jamiemartin721 Reading 23 Sep 15 12.41pm | |
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Quote matt_himself at 23 Sep 2015 12.21pm
Quote Kermit8 at 23 Sep 2015 9.25am
Wouldn't have to pay shareholder dividends or fat cat bonuses for failure either.
I think the point generally is more aimed at the fact that industry standards are very high bonuses paid to some executives, often irrespective of their actual success and achievements as a contractual term of employment or golden parachute payments when they f**k up or leave - It is generally an industry norm of private companies. I personally think incentivized payments based on individuals success at work, makes sense. That said my experience of large companies that 'contract out' into others, is that often employment in senior positions is often more of as much an 'incentive to getting the business' as to qualification, experience and suitability. Its rife in UK Defense work to see people employed by contracting companies on contracts in positions of seniority with no actual ability or experience to do the job, with a nice 'handshake' scheme in place.
"One Nation Under God, has turned into One Nation Under the Influence of One Drug" |
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jamiemartin721 Reading 23 Sep 15 12.51pm | |
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Quote topcat at 23 Sep 2015 10.09am
Quote Kermit8 at 23 Sep 2015 9.25am
Wouldn't have to pay shareholder dividends or fat cat bonuses for failure either. Possibly. However whoever does run it is unlikely to do it for free. But arguably considerably less. High ranking civil servants tend to be a lot lower on the pay scale than CEOs - and of course are much more accountable via the Minister for Transport. Although in my experience, a privitised service tends to be cheaper to run but less efficient, harder to control by the state and somewhat less accountable and reliable; a nationalized service tends to cost the state more, but tends to be more efficient to end users, easily controlled by state, accountable and more consistent. I'd generally say that if you want cheap, but minimal services, private sector is the way forwards. However if you want good services, and don't mind paying the extra taxation, then the state generally does it better. The problem with the later of course is that not everyone will get to see the 'better service', as private companies tend to do the core and front facing services really well, but then save on the fringe and less common services.
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Kermit8 Hevon 23 Sep 15 1.04pm | |
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Quote matt_himself at 23 Sep 2015 12.21pm
Quote Kermit8 at 23 Sep 2015 9.25am
Wouldn't have to pay shareholder dividends or fat cat bonuses for failure either.
You may like to research 'customer satisfaction' levels too. Seems that 25% of their commuter/business clients are 'dissatisfied' with their performance these last 12 months and most probably wondering why the company bosses make what they make? Edited by Kermit8 (23 Sep 2015 1.06pm)
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matt_himself Matataland 23 Sep 15 1.17pm | |
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Quote Kermit8 at 23 Sep 2015 1.04pm
Quote matt_himself at 23 Sep 2015 12.21pm
Quote Kermit8 at 23 Sep 2015 9.25am
Wouldn't have to pay shareholder dividends or fat cat bonuses for failure either.
You may like to research 'customer satisfaction' levels too. Seems that 25% of their commuter/business clients are 'dissatisfied' with their performance these last 12 months and most probably wondering why the company bosses make what they make? Edited by Kermit8 (23 Sep 2015 1.06pm) Fat Cat as a term would suggest that payments made are above the norm. They imply that that recipient is receiving money for doing nothing or is receiving excessively more money than they are due. Looking at the figures in your two year old report, most of the figures presented (GBP 100,000 to GBP 200,000) seem within the norm for directors and executives. The bigger figures of the CEO's of companies have their salaries approved by shareholders. Nice attempt to swerve and introduce yet more emotion over substance with the satisfaction issue. 25% dissatisfaction doesn't appear that bad at face value. Your last part is emotive guff. In response to Jamies point about civil servants, firstly there are many civil servants earning the same band of GBP 100,000 to GBP 200,000. And, again, where does Jamie think all the rail/transport savvy civil servants who could run a nationalised rail network are now? They are working for the rail companies and they will earn the same regardless of whether they work for the private or public sector. Face it, you are ideologically wedded to the concept of a nationalised rail network without being prepared to face the reality that renationalisation is illegal under your precious EU law, the cost is prohibitive and it is hard to see how, given that the budget for investment would be roughly the same as present, how services could be much improved. No one has provided a convincing argyment for this, just emotive blackmail and ideological nonsense.
"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02 |
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legaleagle 23 Sep 15 4.05pm | |
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Quote matt_himself at 23 Sep 2015 1.17pm
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EU law does not require railways must be fully privatised. Nor is there a requirement for railway infrastructure to be in private ownership or a ban on train services being operated by a government-owned enterprise.The main caveat is simply that international services (we hardly have any) and freight services be open for competition. Some examples: In France, both the train operator SNCF and the infrastructure operator RFF are state-owned. As for the "cost",the primary issue is dealt with if "renationalisation" takes place in stages when an existing franchise expires.Also,as for cost,it is worth reflecting that from 2011 private operators paid out a total of £183m in dividends to shareholders, with Northern Rail – the recipient of £669m in subsidy – paying £27m.Overall the state underwrote these £183m of paid out profits with £3.8bn of subsidies.
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jamiemartin721 Reading 23 Sep 15 4.16pm | |
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Quote matt_himself at 23 Sep 2015 1.17pm
Quote Kermit8 at 23 Sep 2015 1.04pm
Quote matt_himself at 23 Sep 2015 12.21pm
Quote Kermit8 at 23 Sep 2015 9.25am
Wouldn't have to pay shareholder dividends or fat cat bonuses for failure either.
You may like to research 'customer satisfaction' levels too. Seems that 25% of their commuter/business clients are 'dissatisfied' with their performance these last 12 months and most probably wondering why the company bosses make what they make? Edited by Kermit8 (23 Sep 2015 1.06pm) Fat Cat as a term would suggest that payments made are above the norm. They imply that that recipient is receiving money for doing nothing or is receiving excessively more money than they are due. Looking at the figures in your two year old report, most of the figures presented (GBP 100,000 to GBP 200,000) seem within the norm for directors and executives. The bigger figures of the CEO's of companies have their salaries approved by shareholders. Nice attempt to swerve and introduce yet more emotion over substance with the satisfaction issue. 25% dissatisfaction doesn't appear that bad at face value. Your last part is emotive guff. In response to Jamies point about civil servants, firstly there are many civil servants earning the same band of GBP 100,000 to GBP 200,000. And, again, where does Jamie think all the rail/transport savvy civil servants who could run a nationalised rail network are now? They are working for the rail companies and they will earn the same regardless of whether they work for the private or public sector. Face it, you are ideologically wedded to the concept of a nationalised rail network without being prepared to face the reality that renationalisation is illegal under your precious EU law, the cost is prohibitive and it is hard to see how, given that the budget for investment would be roughly the same as present, how services could be much improved. No one has provided a convincing argyment for this, just emotive blackmail and ideological nonsense. I'm not entirely convinced on the idea of actually paying to nationalize the railways is a good idea. I don't really think it seems very economical at the likely costs, within our 'reality'. That said the key aspect of executive earnings isn't salary, but bonuses and equity in terms of shares etc which isn't really a factor for senior civil servants. I don't really have an issue with someone earning a salary of 100-200k. Its a lot, but its not excessive. Its when they're also taking home 200-800k a year on top in bonuses just for doing their job. Most executives aren't actually qualified or experienced in running a railway (if any are), they tend to come from other executive positions at different companies. Arguably the same applies to Senior civil servants who typically will have worked their way up their career ladder through civil service positions and even from the private sector.
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matt_himself Matataland 23 Sep 15 8.33pm | |
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Quote legaleagle at 23 Sep 2015 4.05pm
Quote matt_himself at 23 Sep 2015 1.17pm
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EU law does not require railways must be fully privatised. Nor is there a requirement for railway infrastructure to be in private ownership or a ban on train services being operated by a government-owned enterprise.The main caveat is simply that international services (we hardly have any) and freight services be open for competition. Some examples: In France, both the train operator SNCF and the infrastructure operator RFF are state-owned. As for the "cost",the primary issue is dealt with if "renationalisation" takes place in stages when an existing franchise expires.Also,as for cost,it is worth reflecting that from 2011 private operators paid out a total of £183m in dividends to shareholders, with Northern Rail – the recipient of £669m in subsidy – paying £27m.Overall the state underwrote these £183m of paid out profits with £3.8bn of subsidies.
Please provide your sources.
"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02 |
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Kermit8 Hevon 23 Sep 15 8.52pm | |
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The pertinent question is, is it an insurmountable problem this EU railway law? Some important peeps who looked into it say it is and some other important peeps who have looked into it say it isn't. I find it very difficult to believe the former due to the fact that we have ridden roughshod over the EU since 1985 regarding our railways anyway so don't see it as a sudden problem for the future. And do your own research for evidence before you ask mr H as I did.
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matt_himself Matataland 23 Sep 15 9.52pm | |
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Quote Kermit8 at 23 Sep 2015 8.52pm
The pertinent question is, is it an insurmountable problem this EU railway law? Some important peeps who looked into it say it is and some other important peeps who have looked into it say it isn't. I find it very difficult to believe the former due to the fact that we have ridden roughshod over the EU since 1985 regarding our railways anyway so don't see it as a sudden problem for the future. And do your own research for evidence before you ask mr H as I did. I have answered yours, Sedlescombe and JamieTalk's questions. As you cannot provide evidence for the 'renationalisation is legal' position, none I have seen, I note you have dropped the emotive 'fat cat' talk and have started attacking me. Despite the fact that I have answered the questions put to me. I can only come to the conclusion that your 'ideals' are concept only and are not costed or based on any conventional fulcrum. They are, merely pie-in-the-sky. They are ideals based upon your myopic, detached from reality existence. By the way, tonight was tops. Shame you couldn't be here to enjoy it. Never mind, you can console yourself with the pride of being 'Scottish' despite being from Croydon and living in Devon and have educated so many people. So many people.
"That was fun and to round off the day, I am off to steal a charity collection box and then desecrate a place of worship.” - Smokey, The Selhurst Arms, 26/02/02 |
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NickinOX Sailing country. 23 Sep 15 10.02pm | |
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I don't know who is right or wrong about the legality of re-nationalizing the railroads, but I do remember British Rail and it was dreadful. Late, dirty, crowded, and much more expensive than the bus. The food was crap and the staff were invariably rude. The current railways have some good companies and some poor ones, but when I travel in the UK the trains are light years ahead of where they were under government ownership. That being said, I have often had better experiences with the trains in Germany, Switzerland, France, and sometimes even Italy. Thus, to me, it is not so much the problem of nationalization as to why nationalization ends up being so crap when combined with a British work force.
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Kermit8 Hevon 23 Sep 15 10.26pm | |
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Quote matt_himself at 23 Sep 2015 9.52pm
Quote Kermit8 at 23 Sep 2015 8.52pm
The pertinent question is, is it an insurmountable problem this EU railway law? Some important peeps who looked into it say it is and some other important peeps who have looked into it say it isn't. I find it very difficult to believe the former due to the fact that we have ridden roughshod over the EU since 1985 regarding our railways anyway so don't see it as a sudden problem for the future. And do your own research for evidence before you ask mr H as I did. I have answered yours, Sedlescombe and JamieTalk's questions. As you cannot provide evidence for the 'renationalisation is legal' position, none I have seen, I note you have dropped the emotive 'fat cat' talk and have started attacking me. Despite the fact that I have answered the questions put to me. I can only come to the conclusion that your 'ideals' are concept only and are not costed or based on any conventional fulcrum. They are, merely pie-in-the-sky. They are ideals based upon your myopic, detached from reality existence. By the way, tonight was tops. Shame you couldn't be here to enjoy it. Never mind, you can console yourself with the pride of being 'Scottish' despite being from Croydon and living in Devon and have educated so many people. So many people.
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oldcodger 23 Sep 15 10.30pm | |
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I'm pretty sure I'll find a way of getting ripped off regardless of who runs our trains!
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