"The bosses pay con trick" - A plea for responsible commentary and reporting.
There are 4.5m+ UK businesses employing 22.5m. SMEs account for 99.1% of all enterprises & 59.1% of private sector jobs. Most are owner operator directors with their life savings on the line and their homes underwriting their businesses.
FTSE directors are normally employees of their shareholders. Most have parachute protections at every turn. Their pay and benefits are a complete anachronism to 99.9999% of company directors. But their remuneration is a commercial decision for their non-executive directors and shareholders.
When people gob off about company directors, please caveat that you are only talking about 0.0001% of all company directors. The rest of us have a lot at stake in building our businesses and employing the large numbers of people that we do.
