Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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It all depends how you define stupid.
If a CEO says I'm going to earn $4 million a year whilst the average employee earns £26,000 per year then rationally they would not find a single employee who has their self respect plus a reasonable amount of intelligence. Ergo despite earning $4 million per year a wise person could conclude the CEO is an idiot because they have constructed an irrational world purely to satisfy their own ego. They could challenge their own beliefs ...and in a rational thought world there would be no problem in doing so.
But why would one allow oneself to think rational thoughts if one has already created an egotistical thought-world that was constructed so poorly that it would fall to pieces at the simplest of challenges from rationality? This shows the importance of good parenting within a democratic society - to ensure we teach our children that financial self-interest is not the greatest good .... that perhaps there are higher values ...values more conducive to our happiness (which is in our genuine self-interest) ...and one of these higher values may be believing in the value of thinking in a rational way for its own sake ...without allowing thoughts of self-interest to interfere with the actions that an objectively rational person would take. The basis for doing so being the belief that acting rationally without spending too long regretting that the objectively best decision is not serving one's immediate goals will be better for our species as a whole and therefore will create better lives for our children....
It all depends how you define stupid.
If a CEO says I'm going to earn $4 million a year whilst the average employee earns £26,000 per year then rationally they would not find a single employee who has their self respect plus a reasonable amount of intelligence. Ergo despite earning $4 million per year a wise person could conclude the CEO is an idiot because they have constructed an irrational world purely to satisfy their own ego. They could challenge their own beliefs ...and in a rational thought world there would be no problem in doing so .... but how can you think rational thoughts when you have created a world that would fall to pieces at the simplest of challenges from rationality?
It all depends how you define stupid.
If a CEO says I'm going to earn $4 million a year whilst the average employee earns £26,000 per year then rationally he would not find a single employee who has their self respect plus a reasonable amount of intelligence. Ergo despite earning $4 million per year a wise person could conclude the CEO is an idiot because they have constructed an irrational world purely to satisfy their own ego. They could challenge their own beliefs ...and in a rational thought bubble there is no problem in doing so .... but how can you think rational thoughts when you have created something merely to serve your own ego?
And, as a five figure financial holding of these shares that annoys me greatly
Just in case anyone was wondering I wasn’t a shareholder. I was stating a fact, far too many rampers and derampers on these boards. Their customer service needs to improve - it starts with that - not moaning about the price cap - I know people who are customers and the service is shocking
Being a director myself - NOT ftse 100 I may add - however, having witnessed over the years how once when u attain director level u can gain pay off after pay off and job after job regardless of ability, expertise or indeed success I am sad to inform you that the aptly named clown we speak of will indeed get another top job without any hassle whatsoever
I used to think like that H , until i realised Ceo's are not stupid at all, as they usually leave having trouser'd millions in pay, bonus' and Golden handshakes .
Most just repeating the exercise if young enough , Green and Fred the Shred ect spring to mind . Many Ceo's also believe that they cost cut to profitability ,which any idiot can do basically, usually strangling the business .
The Strategy is geared to produce efficiency's whilst growing revenue , market share and profit . Millions are paid to Ceo's for the aforementioned knowledge and skills they bring to setting and delivering that Strategy .
Therefore CEO'S should only be rewarded by share price growth over an extended period and paid out at the end of their tenure ...... max 7 years . Conn in this case would have only received basic pay at this point and should the CNA strategy succeed in next 24 months he qualifies for a pay out . If not , tough for him and rest of Bod . CEO'S have very little risk going into the position as most are already wealthy ( Generalisation ) so risk/reward needs to re-focused with medium term delivery .
H-hi ...I very much doubt that Conn has absolutely ruined Centrica on purpose. I think he's just an absolute plank who knows not his harse from his helbow. He's the laughing stock of the ftse 100 and will be lucky to get a job flipping burgers after he departs from this once great company.
One or two positives . CNA share of Spirit increased in value , with Oil price rise next week and Hurricane drill results gaining traction with + 2 Billion BOE's being proven up presently.
Also just to make it interesting a Beast from the East being forecast . ..............All risks to shorters IMO .
Apart from aforementioned Conn needs to clear debt .... simple . This will sort out Shorters .
usual MOS bs, hardly news, we have seen that short position doubling down for a while, they are selling into recent rallies, selling assets etc could give the shares a boost, but I wonder if they are just doubling down on recent rises expecting a further fall, either way if they keep the shorts open next month they will get hit for over £1 million divi payout, (rough calculation) based on the shorts they have open. We will have to wait and see.
Centrica’s nuclear stake is going to be sold soon, sky news / Reuters ran a story about a Korean investment fund ready to buy 20% as early as this week. CNA was solid but Conn must be the insider guy for the shorters. We can’t rule out that he was paid by shorters to screw the company.
I don't think many of us will be at all surprised by this. Centrica are in a very bad position at present and I'm dreading the next update. I wonder how on earth Conn is going to try and dress that one up to us all.
SHORT-SELLERS BET £100 MILLION THAT CENTRICA WILL FALL