On seeing the news today about a survey by Deloitte on the 350 top companies in the UK, my question for today is a simple one. Who are more valuable to these companies, their staff or their shareholders? It seems that these companies would rather cut jobs than reduce their dividend to shareholder!!
While I understand the mechanics of economics, what annoys me is the blase attitude that they publicly choose shareholders over their staff. Do they really give a ***t about their employees? They will make sure they still get their bonuses - wouldn't want to miss those now would they!! Surely there could be a compromise? What is wrong with a reducing both dividends and jobs (if they actually need to!) and show their employees that they actually have some respect for them?
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