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Cheers - AE

Wednesday, 11 March 2009

Bonuses for John Lewis staff.

I don't understand the problem here. Their business model is that of a partnership with profit sharing for all staff, the bonus is 20% less than a couple of years ago, profits may be down but the company still made well over £300 million (with some help from Parliament of course), and most importantly of all it's standing on it's own feet without begging for taxpayer's cash to be hosed at it. So what business is it of anyone if they choose to give their staff a bonus, especially when it's been reduced roughly in proportion to the reduction in profits? To be fair the article isn't taking a critical tone, but nor does it seem particularly positive about the news that this company is doing well despite the recession. Sounds to me like John Lewis are an example of a company getting it right and perhaps deserve a bit of credit for it (no, not that kind), and even if it eventually turns out otherwise it's still nobody else's problem.
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