Prem Sikka
@premnsikka.bsky.social
Emeritus Professor of Accounting. Member, UK House of Lords.
If with all your effort and might you do not reach the mountain top that is not failure; failure is that you did not even try.
Prem Nath Sikka, Baron Sikka is a British-Indian accountant and academic. He holds the position of Professor of Accounting at the University of Sheffield, and is Emeritus Professor of Accounting at the University of Essex. .. more
Business
56%
Economics
31%
CEO salary: an opportunity cost? - High Pay Centre
Against the backdrop of the cost-of-living crisis, data highlights a worrying trend: CEO salary increases outstripping those of the wider workforce.
highpaycentre.org
UK CEO salary increases outstripping those of the workforce.
Remuneration Committees & non-execs perpetuate fat-cattery as rises provide a benchmark for their greed.
Need worker-elected directors on boards of large companies, workers to vote on exec pay to secure equitable distribution of income.
Remuneration Committees & non-execs perpetuate fat-cattery as rises provide a benchmark for their greed.
Need worker-elected directors on boards of large companies, workers to vote on exec pay to secure equitable distribution of income.
Alan Milburn to review rise in youth minimum wage
Exclusive: Blair-era minister echoes concerns about young people being priced out of jobs, in intervention likely to dismay Labour MPs
www.theguardian.com
Alan Milburn to review rise in youth minimum wage.
Will he oppose all adults getting the same rate?
Says welfare bill is “unsustainable fiscally and economically”. Expect real cuts.
Silence on corporate welfare, redistribution, progressive taxation, taxing the rich.
Will he oppose all adults getting the same rate?
Says welfare bill is “unsustainable fiscally and economically”. Expect real cuts.
Silence on corporate welfare, redistribution, progressive taxation, taxing the rich.
Colombian mercenaries in Sudan ‘recruited by UK-registered firms’
Exclusive Guardian investigation finds companies set up by people sanctioned by US hired Colombian fighters for Rapid Support Forces, widely suspected of war crimes in Sudan
www.theguardian.com
Colombian mercenaries in Sudan ‘recruited by UK-registered firms’.
Company provides address false address but still incorporated.
Companies fuelling and profiteering from death, atrocities.
UK zeal for deregulation encourages murderous companies.
Company provides address false address but still incorporated.
Companies fuelling and profiteering from death, atrocities.
UK zeal for deregulation encourages murderous companies.
Facebook tests £9.99 monthly subscription for sharing more than two links
Meta is encouraging users to verify themselves to unlock more features or engagement with their posts.
www.bbc.co.uk
Facebook tests £9.99 monthly subscription for sharing more than two links for "professional mode" or Pages users.
How long before extended to others?
Business model - let people create content, sell it back to them, make money via advertising.
How many will leave?
www.bbc.co.uk/news/article...
How long before extended to others?
Business model - let people create content, sell it back to them, make money via advertising.
How many will leave?
www.bbc.co.uk/news/article...
David Cameron, the PM who advised Greensill, appointed Philip Green (BHS) and Michelle Mone as govt advisers, and engineered the Brexit referendum.
German prosecutors bring charges against Greensill officials over role in bank’s collapse
Bremen lawyers say three unnamed people charged with crimes relating to bankruptcy and misrepresentation of bank’s finances
www.theguardian.com
German prosecutors bring criminal charges against three Greensill Bank officials for role in the 2021 collapse of the lender.
UK would have given them public honours, crony contracts, buried prosecutions; just like the Post Office and Grenfell scandals.
UK would have given them public honours, crony contracts, buried prosecutions; just like the Post Office and Grenfell scandals.
AI likely to displace jobs, says Bank of England governor
Andrew Bailey says workers need to be trained to move into jobs that use AI, but adds it might not lead to mass unemployment.
www.bbc.co.uk
AI likely to displace jobs, says Bank of England governor.
It is already displacing jobs. No govt had strategy for education, training, jobs. Markets won't provide answers.
AI stock market bubble also waiting to burst, will cause havoc.
Need an active state but passivity is the vogue.
It is already displacing jobs. No govt had strategy for education, training, jobs. Markets won't provide answers.
AI stock market bubble also waiting to burst, will cause havoc.
Need an active state but passivity is the vogue.
Reposted by Andrew Perchard
Michelle Mone-linked PPE Medpro wound up after being ordered to repay £148m
In a ruling, Insolvency and Companies Court Judge Sebastian Prentis placed the company into liquidation
www.independent.co.uk
Michelle Mone-linked PPE Medpro wound up after order to repay £148m for faulty goods.
Company has £600,000 assets. Govt is unsecured creditor, won't recover anything.
Hard to trace money in offshore bank accounts.
Govt could sue directors for fraud, will take years, what will it recover?
Company has £600,000 assets. Govt is unsecured creditor, won't recover anything.
Hard to trace money in offshore bank accounts.
Govt could sue directors for fraud, will take years, what will it recover?
Yorkshire Water boss 'mistaken' to keep £1.3m payment secret
Nicola Shaw says she was wrong in
www.bbc.co.uk
Yorkshire Water boss said "not being transparent" about receiving £1.3m payments from the parent company was a "mistake".
They carefully planned to circumvent the rules, civil society exposed it. No retribution
Customer fleecing, sewage dumping continues for bigger profits and exec bonuses
They carefully planned to circumvent the rules, civil society exposed it. No retribution
Customer fleecing, sewage dumping continues for bigger profits and exec bonuses
Paddy Power and Betfair to pay £2m settlement after failing to protect users
Failings included allowing customer to place £20,000 in bets across eight-hour session, Gambling Commission finds
www.theguardian.com
Paddy Power and Betfair to pay £2m settlement after failing to protect users.
Companies exploit/encourage addiction.
Puny fines are just another cost of doing business.
Nothing will change until execs personally fined and prosecuted, exploiters shut down.
Companies exploit/encourage addiction.
Puny fines are just another cost of doing business.
Nothing will change until execs personally fined and prosecuted, exploiters shut down.
MPs warn that UK agreements with Donald Trump are ‘built on sand’
Exclusive: Health select committee chair says UK government’s ‘naive belief’ Trump is a good faith actor ‘could cost UK taxpayer billions’
www.theguardian.com
MPs warn that UK agreements with Donald Trump are ‘built on sand’.
UK bullied to pay billions more for NHS drugs produced by US companies, importing US beef, accept steel tariffs and more, without any reciprocity.
Can't trust Trump. US wants dominance, not partnership.
Rejoin the EU.
UK bullied to pay billions more for NHS drugs produced by US companies, importing US beef, accept steel tariffs and more, without any reciprocity.
Can't trust Trump. US wants dominance, not partnership.
Rejoin the EU.