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Going back to chief execs pay for a moment.

I don't have all the details to hand so I'm going to make some assumptions based on information in this thread, information I know from other companies and some pure guess work.

For arguments sake lets say the Chief Exec agree to work for free (something unlikely as they could make a million somewhere else, but I'm making a "worse case" point here), you make a saving of £3.5M for the year.

Now lets presume that Provident, throughout the year, issue on average 100,000 loans - this seems low to me for a national comapny, but again this is "wrost case". (this number has been plucked from thin air, if anyone knows how many the do issue please let me know)

3.5M over 100,000 loans is £35 per loan

Currently - to borrow £500 you repay £721 over 6 months, with the saving we have you now repay £686. (I'm sure these numbers arn't accurate, but they are in the right ballpark) do you think that the fee now is good? so instead of paying £221 over 6 months you pay £186

If you do think the new fee is resonable then the chief execs pay is an issue, if you don't then really what they are being paid makes such a small diference in what they charge that it isn't an issue.

I'm not saying that directors arn't paid too much, I firmly believe that they are, but lets not delude ourselves that if they lower their wages everything will drastically reduce in price.

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Quote: Adeybull "A long-established large FTSE-250 company is in no way "dodgy", whether or not it engages in an activity you disapprove of. If Provident is "Dodgy" then many would deem the means by which your bankrolled-club's owner came by his wealth to be likewise. But, as all the world has seen, you are careful not to blast HIM in the same way. And I would blast neoither, since they are both putting money into a game starved of income.

'"


Doesn't blast him? More like ignores the point completely. If you look back, any time the VERY dodgy way a certain Huddersfield chairman got his money is brought up, Durham Giant ignores that person completely. He just goes off at someone else in the hope that it won't get brought up again because it basically puts him and his holier than thou stance under a very uncomfortable microscope.

Oh and Chris Joynt didn't slip, he dived to the ground to avoid the magic bullet that killed JFK. Because it had time travel abilities. Cos it's magic....

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Baa Baa your like sheep. Following the dodgy money.

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Quote: Durham Giant "Baa Baa your like sheep. Following the dodgy money.'"


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As there is no real discussion ongoing and has not been for a while we will revisit teams sponsorship the next time someone announces a new sponsorship deal.

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I can't believe you locked the thread just because you lost the argument...

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287 posts in 20 pages 
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Subscribe | Moderators: Admin, Durham Giant , TimperleySaint
287 posts in 20 pages 
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Subscribe | Moderators: Admin, Durham Giant , TimperleySaint



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