tag:blogger.com,1999:blog-21959228.post8998445988475913890..comments2024-03-28T09:14:52.110+00:00Comments on Sinclair's Musings: Crozier vs. GarnierMatthew Sinclairhttp://www.blogger.com/profile/05948452770723874618noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-21959228.post-19027225194553877642007-12-18T00:17:00.000+00:002007-12-18T00:17:00.000+00:00Hmm... can you point me to the page on the account...Hmm... can you point me to the page on the accounts where this sum is mentioned. I'm afraid I'm having some trouble working out exactly what you're referring to. I can't see such a figure.<BR/><BR/>Increases in the values of shares shouldn't be included on a like-for-like comparison. We didn't include increases in the values of pension funds in the totals in the Public Sector Rich List. We only included pensions at all when a sum for the employers' contribution in the year was explicitly mentioned. As such, increases in the value of shares or pension funds should be left off any private sector figure used for comparison.Matthew Sinclairhttps://www.blogger.com/profile/05948452770723874618noreply@blogger.comtag:blogger.com,1999:blog-21959228.post-10715220596958815292007-12-18T00:07:00.000+00:002007-12-18T00:07:00.000+00:00Did I? Shit, I apologise. I'll go check it out a...Did I? Shit, I apologise. I'll go check it out and then update the main post. That would definitely mean Garnier is getting more for the size of his company.<BR/><BR/>The main report included no such comparisons. Again, all apologies if I've misled people.Matthew Sinclairhttps://www.blogger.com/profile/05948452770723874618noreply@blogger.comtag:blogger.com,1999:blog-21959228.post-59017954409880245002007-12-17T23:54:00.000+00:002007-12-17T23:54:00.000+00:00*cough*You forgot that Garnier got $15.3 million i...*cough*<BR/><BR/>You forgot that Garnier got $15.3 million in share options in addition to his remuneration.<BR/><BR/>That's something that seems to habitually neglected in these kinds of calculations. The private sector have the option of rewarding their top staff with share options, a facility lacking in the public sector.<BR/><BR/>If you're going to make a life for comparison then it has to be on the basis that you factor in any dividends on share options and a notion sum to cover any increase in the value of the shares.Unityhttps://www.blogger.com/profile/17718085232700149823noreply@blogger.comtag:blogger.com,1999:blog-21959228.post-45366723575410456932007-12-16T09:57:00.000+00:002007-12-16T09:57:00.000+00:00No, not at all! JP Garnier is one of the few exec...No, not at all! JP Garnier is one of the few execs so well remunerated it led to a shareholder revolt over his golden parachute. He does very well.Matthew Sinclairhttps://www.blogger.com/profile/05948452770723874618noreply@blogger.comtag:blogger.com,1999:blog-21959228.post-91638900920947640172007-12-16T07:29:00.000+00:002007-12-16T07:29:00.000+00:00Come on Matt- that's a rather selective example. I...Come on Matt- that's a rather selective example. I expect for example I could find an equally good example to prove that Crozier was underpaid- say the Chief Exec of Northern Rock! I think a discussion of the averages would be interesting though- say for the FTSE 100 against publically owned corporations of the same rough size.Gracchihttps://www.blogger.com/profile/06344262838391424797noreply@blogger.comtag:blogger.com,1999:blog-21959228.post-27743000828931400012007-12-16T07:28:00.000+00:002007-12-16T07:28:00.000+00:00This comment has been removed by the author.Unknownhttps://www.blogger.com/profile/10457645188416794754noreply@blogger.com