UK’s Labour would cost companies £300bn in workers’ share swipe

[AtW]

When you say confiscated from owners. You’re talking mostly about pension funds. They’re the biggest owners of the biggest companies.
McDonnell has found a way to smash and grab pension funds without it looking like he is.

So if pension fund is an owner then it’s ok to rob them and all other owners?

It’s not ok to confiscate property, unless it’s proceeds of crime.

[darmstadt]

Don't most German companies have workers representatives on the board? I know they have some sort of representation in decision making.

Yes: https://www.contractoruk.com/forums/...ml#post2676809

I did 3 years as the vice chairman off one. If done properly they can actually help the company a lot and that has been seen a number of times in German industry, on the other hand, the VW one screwed up spectacularly a few years back (probably thinking they were management): VW-Korruptionsaffare – Wikipedia

In fact they should exist in the UK n some companies: Employee Involvement - Employment, Social Affairs & Inclusion - European Commission

[AtW]

It’s laughable to suggest that even Labour would be able to get their ha ds on 10% of shares in foreign companies.

Does anybody really think they would dare to force say Google UK to hand over 10% of shares (UK ones or main holding company)?

It’s a totally moronic idea that will hit only genuine UK based companies

[sasguru]

It’s laughable to suggest that even Labour would be able to get their ha ds on 10% of shares in foreign companies.

Does anybody really think they would dare to force say Google UK to hand over 10% of shares (UK ones or main holding company)?

It’s a totally moronic idea that will hit only genuine UK based companies

You're quite naive in your own way, AtW. You obviously look up to this country and can't believe what's happening. Britsh exceptionalism, eh?
You should read more about the Roman empire. When tulipe happens it happens fast.
If I were you I would move your company out. The smart money is doing that already.

[AtW]

Increases in CGT and dividend taxes far more likely

[AtW]

Andrew Ryan

[meridian]

AGM is NOT board meeting.

Yes, I understand that. But an AGM is also where a shareholder with a minimal amount of shares gets access to the board.

Where does an employee, with 100% of his/her income coming from the company, get any access to the board, even for one day a year?

Many companies are private so scum like JRM can’t buy any shares

Private companies? Not even close to being relevant.

[AtW]

Where does an employee, with 100% of his/her income coming from the company, get any access to the board, even for one day a year?

In the company that I've founded nearly 15 years ago any employee (out of around 25) can just walk to my worktable in the same office and talk to me.

If we had 250 people working I'd probably still retain open office or a small "open doors" office anybody can walk in.

For a larger company I'd question some managers' competence (and those who had appointed them, up to the Board level) if somebody is forced to jump to get to the Board.

Private companies? Not even close to being relevant.

It's very relevant because private companies, often famliy owned take a much longer term view than PLCs that are forced to comply with "analysts" making predictions that those companies are supposed to meet every quarter.

Bottom line is that - if you want to live in Communist society then go take a tour in the Democratic People's Republic of Korea.

[AtW]

Where does an employee, with 100% of his/her income coming from the company, get any access to the board, even for one day a year?

Is it in the contract?

Should it even be?

Should a Board member talk to every employee employed?

When I had my first good job 19 years ago in this country I was pretty fooking happy I had it in the first place - I was lucky enough to work with great people and from time to time I even had a conversation with Board members, it was great but at no time I felt I was entitled for it - and why should anybody?

My next job I did not like, and at the first opportunity I've setup my own company, that's the way to do it and if you are not good enough then why should you expect to talk to people who are actually responsible for you getting paid in the first place?

[Zigenare]

The larger problem (and not just in the Uk) is that 50% of the population are irrelevant in a knowledge economy as they just don't have the cognitive skills necessary for success.
In the old days, these people worked in factories and their problem was exploitation. So the Labour movement was formed to fight for their rights.
But irrelevance is far worse than exploitation and there's no fix for that.

Much of what is happening in the world politically can be put down to this.

It's the great problem of our time: what in God's name do we do with the stupid?

What we currently do, promote them out of harms way!