Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: http://www.socialistparty.org.uk/issue/483/2321

From The Socialist newspaper, 19 April 2007

Bosses' Pension

LORD BROWNE, retiring chief executive of Britain's biggest oil company BP, has faced complaints from shareholders over his remuneration package. Browne's annual salary was some 1.5 million a year, and his 'golden goodbye' was reportedly as high as 72 million.

Nearly 20% of shareholders voted to oppose him getting this much. Most of them have no objection to top bosses living lives of luxury provided they are doing the same! Some were carping that BP share prices had been underperforming the FTSE index of leading companies.

Other investors raised BP's shocking safety record such as a chemical fire in its Texas City oil refinery in 2005 - 15 workers died and over 170 were injured. The shareholders were worried that overtly cost-cutting, profit-chasing activities harmed BP's image and hit stock market prices.

Our solution to corporate contempt for safety, huge profits, giant golden goodbyes and extremes of wealth and poverty is to start by taking the whole oil industry into public ownership under democratic workers' control.

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 19 April 2007:

Kick big business out of the NHS

Nurses' fury at cuts and attacks on jobs

NHS London - delivering private health


Socialist Students

Build for national action against fees


Socialist Party election campaign

Election manifesto 2007

Leicester: A principled stand against opportunists

Young socialist standing for Save Huddersfield NHS

Wales manifesto launch

Save our NHS campaign fields five candidates in South Lakes

Nursery cuts campaign launch

Making a difference in Lincoln

Vote Socialist Alternative on 3 May


Socialist Party editorial

RMT victory: Union militancy pays


Campaign for a New Workers Party

Wanted - a new mass party for workers

Campaign for a New Workers' Party Conference


Socialist Party workplace news

Tube workers win big victory over Metronet

Campaigning for a 26,000 minimum wage

Young trade unionists reject New Labour

Greenwich UNISON steps up fight against pay cuts


International socialist news and analysis

Venezuela: Will the trade unions give up their independence?

Bush's man at the World Bank in corruption scandal


Socialist Party news and analysis

Bosses' Pension

Blockading Britain's warhead factory

Fighting for the right to walk in the countryside

Cuts reduce advice for the people who most need help

Bank that only serves the rich


 

Home   |   The Socialist 19 April 2007   |   Join the Socialist Party

Subscribe   |   Donate  




Related links:

Pension:

triangleSet for national strike action

triangleThyssenKrupp - Tata steel merger

triangleCWU strike ballot to win 'Four Pillars'

triangleCWU strike ballot - why I'm voting Yes

triangleBosses' pensions robbery

BP:

triangle2016 hottest year on record, air poisonous

triangleFilm review: Deepwater Horizon

triangleBeyond the Pale - capitalism and the environment

triangleLooking after the millionaires, not the millions

Oil:

triangleHurricane Harvey: A tragedy made far worse by capitalism

triangleTories and Blairites in pockets of big business: kick them out!

triangleTory oil spoils v poisonous air

Reports and campaigns

Reports and campaigns

12/10/17

Cleaners

Justice for Tube cleaners demo

11/10/17

Salford

Salford Unison condemns pay cuts

11/10/17

Royal Mail

CWU fights court attempt to stop national strike

11/10/17

Carlisle

Carlisle NHS campaigners hand in petition to MP

11/10/17

Green

Don't wreck our rec! Campaigning to save green space in Standish

11/10/17

Fire

No more fire deaths - ensure safety now!

11/10/17

Cardiff

Cardiff Socialist Students confront 'Parasite' Jacob Rees-Mogg

11/10/17

John McDonnell

Manchester rally discussed unionisation and nationalisation

11/10/17

Orgreave

Join the Orgreave Halloween rally

11/10/17

Union

Workplace news in brief

11/10/17

Democratic rights

Who's watching who?: The fight for justice, trade union and democratic rights

6/10/17

Northern Ireland

Boeing bust-up threatens thousands of skilled jobs

5/10/17

Runcorn

Too much to cross the Mersey

4/10/17

Royal Mail

Set for national strike action

4/10/17

London

Supporting the general strike in Catalonia

triangleMore Reports and campaigns articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party

triangle13 Oct The end of the Tories?

triangle11 Oct Nasty party imploding...drive out the Tories

triangle11 Oct CWU fights court attempt to stop national strike

triangle11 Oct The fight against racial discrimination is tied to fighting against...

triangle11 Oct Catalonia: Workers can finish what Puigdemont won't

triangle6 Oct Boeing bust-up threatens thousands of skilled jobs

triangle4 Oct The nasty party turns on itself... but the Tories must be driven out

More ...

triangle16 Oct Teesside Socialist Party: After the party conferences

triangle17 Oct London: TUC lobby & rally; and London march

triangle18 Oct Warrington & St Helens Socialist Party: 1917-2017; the October Russian Revolution

triangle18 Oct Hackney Socialist Party: 100 years ago - the Bolshevik-led revolution

More ...

Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

Archive

Archives:

October 2017

September 2017

August 2017

July 2017

June 2017

May 2017

April 2017

March 2017

February 2017

January 2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

Legal

SP RSS feed RSS

Platform setting: = No platform choice

V2