Tuesday, 13 August 2013

Diageo : There's Right Good Money in Butchery

Diageo former boss Paul Walsh 'earned' 14.8 million pounds in his final year with the company. No doubt he deserved every penny of it. He effected efficiencies that pushed up the share price and the shareholder returns by more than anyone ever imagined during his term of office. Of course Diageo wont pick up the bill for the social damage that it's products will cause, because Johnnie Walker and Bells whisky and Guinness are big brands internationally and generate lots of profit for the City. You and I will pick up the bill for that in the same way as the people of Kilmarnock were dumped from his organisation to shrink the cost base and increase the profits of the group.

Remind me again how we're all in this together. I can't quite get my head round that part where the seventh richest country in the world is really bankrupt and has to tax the sick to make ends meet and use foodbanks to feed hungry children.

Perhaps Paul Walsh could put his hand in his pocket and help out, but I doubt it.

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