Published on: 30 Apr 2015
How much do you get paid? My guess is it’s not as much as the chief executive of WPP.
Sir Martin Sorrell (pictured) is chief executive of the advertising business WPP and his annual pay has just been revealed in the company’s annual report.
His total pay was £42.98 million. In case you think that’s a typo – it’s not. He received nearly £43 million in pay.
As well as being the chief executive, Martin Sorrell is the founder of the company.
The company has grown significantly since it was founded in 1985 and it is now quoted and part of the FTSE 100 (the largest 100 companies on the London stock market).
As a result of being quoted there are numerous corporate governance requirements which need to take place. One of these is the disclosure of the directors’ remuneration policy in the published accounts.
Following the publishing of his remuneration package in the accounts it became apparent that one element of his package was very unusual.
Included within his remuneration package of $43 million is a payment to him in respect of his wife’s travel expenses. Now his wife’s travel expenses which were paid by his employer were pretty significant and definitely amounted to more than the occasional taxi journey. In fact, they amounted to £274,000!
That’s not a bad amount for travel expenses is it?
So, should you suggest to your boss at your next salary review that you should receive a travel allowance for your husband or wife?
My guess is that if you do, the response to your request would be fairly brief and probably include a rude word or two…
Published on: 15 Apr 2015
Let’s be honest now. Have you ever played around on the Internet whilst at work?
Most of us will probably have had a quick look at websites such as Facebook or news sites but it’s worth bearing in mind that most organisations have a policy which restricts looking at non-work related websites.
Some people will mistakenly think that if they delete the browser history it will remove all traces of what sites have been visited but the IT savvy people amongst you will realise that the history is stored on servers.
Three judges in the UK obviously didn’t realise their browsing history would be tracked and following an investigation they were fired as they had been viewing pornographic websites on court computers.
The court cases they were presiding over obviously weren’t exciting enough and they took matters into their own hands to liven up their days by viewing adult websites on the court computers.
One of the judges who was fired was called Timothy Bowles. In a bizarre coincidence there is in fact another judge in the UK with the same name.
You have to feel sorry for the innocent one of the two.
Imagine the scene, the innocent Timothy Bowles is sat at work when word goes around amongst his colleagues that Timothy Bowles has lost his job because he was looking at porn during working hours.
A frantic clarification was issued by the Judicial Conduct Investigations Office stating “that District Judge Timothy (Paul) Bowles who sat at Romford County Court and has been removed from office should not be mistaken for the High Court Chancery Master Timothy (John) Bowles. There is no connection between the two.”
So, in conclusion three judges have lost their job due to watching pornography on court computers.
There is an important lesson to be learnt from all of this and that is, if you’re going to look at pornographic websites in the office it’s best to do so using a colleague’s computer rather than your own…
Published on: 10 Apr 2015
As you progress through your career there’s a good chance that at some stage or another you’ll have to make a presentation involving a microphone.
It may be stating the obvious but whenever a microphone is near you think carefully about what you say.
American basketball player Nigel Hayes unfortunately didn’t appreciate that his voice would be picked up so clearly before a press conference started.
Whilst waiting for the press conference to start, Mr Hayes noticed a journalist by the name of Debra Bollman in the audience. He turned to his fellow players who were sat next to him and whispered “God, she’s beautiful”.
With the microphones doing what they were supposed to do they picked this statement up loud and clear and the journalists all laughed.
Mr Hayes’ reaction when he realised that his comments had been overheard can be seen in the video below.
Looking on the bright side for Mr Hayes though, at least he thought the journalist was attractive as it would have been a lot worse had he said “God, she’s ugly”.
Published on: 05 Apr 2015
Very many congratulations to Cathy Engelbert.
Cathy is the first female CEO of a major accounting firm in the US. She’s been appointed as the leader of Deloitte’s 65,000 US employees and it sends a great message about equal opportunities.
It’s a fantastic achievement so many congratulations.
There’s an interesting interview with Cathy in the Washington Post.
The interview highlights some nice facts. For example, when Cathy first started at Deloitte in 1986 only 7% of Deloitte partners and principals were women. Fast forward to 2015 and women now make up about 25% of the partners in the firm. There is still a way to go until it’s 50% but it is certainly heading in the right direction.
However, probably the most interesting fact that came out of the interview was her admission that she made up stories so that she could get out of work to spend some time with her kids:
“I used to make up stories if I had to leave early for something related to my kids. I learned my lesson, because a woman who left the firm actually shared that she was leaving because she didn’t have kids yet, she wasn’t even married, but she saw people like me and didn’t want to be like that—always working.”
A very honest interview by Cathy and of course, she doesn’t make up stories any more. She’s the CEO so she can leave whenever she wants to…