On 29 Mar 2010, at 14:17, Bruce Napier wrote: > > On 29 Mar 2010, at 13:22, Nigel Stanley wrote: > >> Members may not be too keen on current BW board salaries and bonuses >> for example. > > Good point - the Chief Exec of the John Lewis Partnership (which I > guess is a co-op rather than a mutual) is paid a much lower salary > than his peers in the other big retailers, because JLP has a rule that > the highest salary paid to a partner/employee may be no more than 75 > times than that paid to the lowest.
OK, assuming BW has staff on the national minimum wage of £5.80/hr, they'd be getting £214.60 for a 37hr week which comes out to about £11,266 a year. So the CX of BW on the 75x basis could get £844,987 a year. I fancy Mr Evans would settle for that, possibly even a bit less [It'd get Narrowboatworld excited though, wouldn't it?] So, does that mean that other retail bosses get way more [I think that's probably the case for Mr Leahy of Tesco fame, for instance] or do John Lewis have a lot of staff on the lower age group minimum wage? Baz
