Shareholder Revolt On Executive Pay Embarrasses Barclays Board But Changes Nothing

Bankers have demonstrated how little they care about anything other than their personal greed in recent years but a revolt by a significant proportion of Barclays shareholders has certainly shown them their are grumblings of discontent among their long suffering shareholders.

Barclays shares are above their lows of the last year but over several years long term shareholders have seen the value of their holdings plummet but executive pay continues to be a painful cross they have to bear.

It may be the worm is finally turning as around a quarter of shareholders voted against the pay arrangements for the senior company executives today. The bank appologised to shareholders for not being better at consulting them on pay arrangements but it seems unlikely that much will change anytime soon.

Many of the larger shareholders have little interest in changing the pay culture at large companies since the pension fund managers who own many of the shares want to maintain their own very high and often unjustifiably high salaries. However, it does seem to be the case that shareholders are beginning to recognize that they have been used and abused by the management of many large companies even though it is they, the shareholders, who actually own the company.

Changes in executive pay are long overdue and it is a great shame that any changes to reduce the excessive pay seen over recent years is not likely to be retrospective. The people at the top who have often run companies into the ground walk away with excessive salary and bonus payments while the poor shareholders see their savings severely reduced.

Change is due and hopefully this will be a signal that changes must be made in the remuneration agreements made for executive pay. If the shareholders are suffering losses it is simply ridiculous that the managers of these companies continue to pay themselves as if they were achieving great success.

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The Burglar App – Are You Helping Thieves Rob You?

We are all sharing everything we do with our friends online but who else are we sharing this information with and could it be used against us?

When you post on Facebook to let your friends know you are having a great time miles from home you are publishing information that could be very useful to your local burglar. Knowing you are away from home would enable them to know your house is empty and you won’t be back for hours.

Burglars are learning to target people through online social signals
Don't Give Your Local Burglar Social Updates When You Are Away From Home

You may have your privacy settings limited to friends only so you feel safe but do you know all of your online friends? How many friends requests have you accepted because they were friends of friends or simply that you were flattered they wanted to be your online friend?

Many of us accept friends because we like to think we are popular and everybody should want to be our friend but unless you know that person they could be anybody from anywhere and their motives may be less than honest.

You may say that you only accept friends of friends so you know they are trustworthy but do your friends check as carefully? If some of your friends accept anyone who asks to be a friend then there is no check at all.

A survey carried out on behalf of Confused.com found that over half of UK social website users published information about holidays and trips they were making and it is reported that 51% of us accept friend requests from people we only know online. This is leaving the door wide open for anyone with a criminal intent to take advantage of us.

We should all be aware how easily those who know how the Internet really works can find a wealth of information about us. Criminals will gladly take advantage of every opportunity they can find and we may be helping them by publishing information about ourselves.

I am sure there must be people already working on a mobile phone app that will help a burglar locate empty property. It could already exist and already be on sale in the dark corners of the internet where hackers and criminals contact each other.

A burglar App could identify where the thief is and then search online for people from that area. A more detailed search of Facebook, Twitter and other social sites for keywords that suggest people are away would then tell him about some likely target properties and it could also report what valuable products they have recently bought and told the world about.

Google are apparently paying much more attention to the social signals and the trail we leave online to help them target their advertising to exactly match our lifestyle and ambitions but you can be sure there are other people using this same information with criminal intent.

We are inviting the whole world into our lives and there may be unforeseen consequences by doing so. We may be happy to tell our real friends about our daily activities but if we are not very careful we may be telling the whole world a lot more than we would be happy to share in public.

Even if you are very careful about selecting friends on social websites it may be that some of your friends are less cautious and if you publish anything on your profile it may appear on theirs and could be seen by a lot of people you might not want to share that information with.

Anti Burglar Gates Stolen
Anti Burglar Gates Stolen

Criminals are people too and they are using the internet more and more to locate possible opportunities to profit. There is nothing stopping them from setting up dozens of perfectly normal sounding online profiles and using those profiles to befriend a potential target and that target could be you.

What someone claims to be, online, may not be the case in real life. They can say they are anything they like to help them become friends with any potential victims. You should also make sure your kids are careful about what they publish online, not only for their own safety but also to avoid them telling the whole world your house will be unoccupied for a fortnight when you are away on your holidays.

We are moving into a world where everyone knows everything about everyone else. In an ideal world this might be a good thing which could lead to a better understanding of other people and perhaps even reduce the risks of conflict and war but there are also downsides and risks involved and we all need to be aware of them and act accordingly

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Frustrated Horse Assaults Policeman

Most of us have been frustrated by police actions at times. When they choose to stop us whilst driving or when there is an incident where they stop or delay the traffic.
There was a different sort of frustration when a horse in Ireland appears to have got sexually frustrated and proceeded to try to mount the policeman who was checking his identity at the Smithfield Horse Fair.

You can see what happened by watching the video below:


More photos can be found at www.broadsheet.ie

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Britain Moves A Step Closer To A Totalitarian Future

Perhaps it was no coincidence that April Fools day was the day reports appeared warning us that the government were planning to further enhance the laws that allow them to watch what we all do online. Governments all over the world have always wanted to be able to track their citizens and know what they think. Now, it looks like the UK government will make it lawful to do something that Hitler would have given anything to be able to do.

The government are intending to enhance the requirements on internet providers to track every move you make online and allow police and government access to that information. No longer can you think out loud. In future you will have to keep your thoughts to yourself and never breath a word online if you are critical of the government. The simple fact is that if the government want to know what you are saying to anyone, they can.

The old argument that if you have done nothing wrong you will have nothing to fear, is being regurgitated and used to justify this reduction of freedom of speech and while it may be true now, who is to say what could happen in the future. The Home Secretary, Teresa May, has said in a newspaper article that the only people who need fear this change are terrorists, pedophiles and serious criminals. She would say that, wouldn’t she.

You can currently be jailed for saying offensive things online, as has happened on a few occasions recently. In the future you need to be careful what you say to your brother, mother and even your Grandad in emails or even in private chat rooms. The only safe place for your thoughts will be inside your head just as it was in Stalin’s Russia and Pol Pots Cambodia.

Of course the Government will tell us they need to be able to access this sort of information to prevent terrorism. It always was the case. If the government of the day had been able to listen in on Guy Fawkes conversations they might have caught the plotters at an earlier stage but Britain is proud to be a democracy isn’t it? If we are not a free country then what is the point in defending it.

Back in the 1930′s a government came to power in Germany with a very firm view on what the state should be able to do. They proceeded to track down everyone of Jewish blood, Romany Blood, Gays, Communists and anyone who opposed them. These people were arrested and transported to concentration camps to rot, or be killed.

The only limiting factors in their purge of the countries under their control was the lack of a proper system to locate and track down there opponents so that they could achieve their aims of wiping out entire sections of the population. They justified their actions by claiming that the groups they were arresting were terrorists trying to destroy society.

The reasons for their behaviour have a familiar ring to them and while nobody is suggesting anything like the purges of Germany prior to and during the second world war the government are setting in place the facilities and totalitarian any future government far greater abilities to track and read the private emails and conversations of individuals in the UK.

The intentions may be genuine and well intended but the potential risks are enormous and whilst terrorism is a very real threat it is important that any government claiming to be defending Britain should consider what it is they are supposed to be defending. We have a reputation for freedom of speech for which we should be proud but in recent years there have been more and more restrictions put in place to control what people can say in public.

We should never forget that democracy is a very fragile thing that could be destroyed bit by bit and this would seem to be another nail in its coffin. We may not pay much attention to what seem like small and sometimes insignificant changes. But often happens slowly.

The words of German Pastor Martin Niemöller, who was imprisoned in the notorious Dachau concentration camp, should be at the forefront of the thoughts of government ministers.

When the Nazis came for the communists,
I remained silent;
I was not a communist.

When they locked up the social democrats,
I remained silent;
I was not a social democrat.

When they came for the trade unionists,
I did not speak out;
I was not a trade unionist.

When they came for the Jews,
I remained silent;
I wasn’t a Jew.

When they came for me,
there was no one left to speak out.

Pastor Martin Niemöller 1945

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Government Says Ignore The Law If It Suits You And Go Shopping On Sunday

You can’t beat a bit of government hypocrisy to brighten your day, or, perhaps, to make you very depressed. Apparently the government is planning on a temporary cancellation of the Sunday trading laws for the period during the Olympics. Allowing large stores to remain open all day on the Sundays during the Olympics would show the world ‘Britain Is Open For Business’, they say.

This tells us a couple of things.
1) Britain is closed to business unless we are holding the Olympics.
2) Governments have no principles. I guess we already knew that.
3) Foreigners matter. Resident citizens do not.

The Sunday trading law was brought in to enable shops to be open on Sundays for a maximum of six hours between 10 in the morning and 6pm in the evening. The idea was to allow shops to make money on a Sunday but to avoid Sunday becoming just another day of the week.

The law has worked in that it allows larger stores to open on Sundays but it has certainly changed how society spends their weekends. Where once we took the kids to the seaside on a Sunday, we now take them shopping. Great for credit card companies and shops maybe but I am not sure it has done anything to help the quality of life enjoyed by the majority of the population. Thousands of shop-workers have their Sundays controlled by their employers and many kids get to see little of their Mum, or Dad, on the one day that used to be a family day.

I am reminded of the time Britain was hosting the G20 and the smoking in Public Places law was changed to enable foreign dignitaries and their staffs to smoke in the bars surrounding the venue. Such hypocrisy is a smack in the mouth to all those people who obey the law.

If a law is unfair then we shouldn’t have the law. If it is fair then it should apply to all. If a law is so bad that it might prevent foreigners visiting these shores then we should question whether it is too draconian but if we believe it is right then it should apply to all. Democracy is supposed to get rid of the old ‘them and us’ but clearly governments think differently and we must prostitute our principals to earn an extra dollar.

If we are forced to suffer the Olympics, (We could still cancel the Olympics and make it the most environmentally friendly Olympics there will ever be), we should be proud to show Britain off as it is. If there are things we think are wrong about our country we should sort them out for the people of this country not for visitors from afar.

Allowing all day shopping on Sundays during the Olympics sounds like a backdoor experiment that will be used as an example. No doubt there will be pleas in the future to change the law and establish all day shopping on Sundays.

Such a move might be good for the shopping industry, and I am sure the world will be delighted to know they can purchase toothpaste and socks at 8 o’clock on a Sunday evening. I remain unconvinced that such a move will do anything good at all for society at large.

If we want to show the world Britain is open for business during the Olympics we should do the job properly and temporarily repeal laws on prostitution and dealing drugs. Perhaps we should avoid arresting burglars and pick-pockets during the Olympics too.

These people are trying to make a living too. They have a businesses to run. I am sure it would be easier for them if the rellevent laws were amended to enable them to make the most of extra visitors Britain is expecting and the extra money they make would all help to boost the exchequer. Well, it would if the government changed the law and allowed them to pay tax on the proceeds.

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