John Lewis staff to get huge bonus (From This is Hampshire)
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John Lewis staff to get huge bonus
9:43am Thursday 11th March 2010 in
THOUSANDS of Hampshire staff at Waitrose and John Lewis are celebrating this morning after getting a better than forecast bonus of 15% of their annual pay.
Equivalent to almost two-months salary the sum is a result of the groups recession beating profits of £389m, up 9.7%.
John Lewis is a co-owned business and distributes profits to its staff, for the full story and reaction see tomorrow's Daily Echo.
Comments(48)
Ted Rogers
says...
10:42am Thu 11 Mar 10
Good for John Lewis, all businesses take note - single best way to secure a loyal and dedicated workforce.. rewards over and above their salary based on company success.
SotonLad
says...
10:58am Thu 11 Mar 10
Ted Rogers wrote:Well said. The staff are always polite, smartly turned out and helpful - unlike a number of other stores around the city. They deserve it
How refreshing to hear that all staff are sharing in the success of the business, not just the fat cats!
Good for John Lewis, all businesses take note - single best way to secure a loyal and dedicated workforce.. rewards over and above their salary based on company success.
southy
says...
11:21am Thu 11 Mar 10
Duncan Disorderly wrote:agree good luck to them, they are worth the reward, but its work force are not share holders, some stores pay a commission on the sales person that he or she sales, john lewis dont do it that way, what they do is all take all the commission on sales, and share it out equal to its work force.
Good luck to them. Nobody's forced to shop at John Lewis or Waitrose. If the company succeeds and they are the shareholders, they are entitled to the reward. The UK needs more companies like them.
Condor Man
says...
12:21pm Thu 11 Mar 10
Iw61
says...
12:52pm Thu 11 Mar 10
Iw61
says...
12:53pm Thu 11 Mar 10
Iw61
says...
12:56pm Thu 11 Mar 10
Condor Man wrote:I think, and I stand corrected if wrong, is that John Lewis is a Partnership not a Coop.
John Lewis is the benchmark for shops, sadly the likes of Debenhams and M&S have fallen behind in recent years. The only draw back to being a co-operative is, however, the difficulty in raising capital for expansion hence why they have so few stores
A completely different thing.
southy
says...
1:00pm Thu 11 Mar 10
Condor Man wrote:they are not a co-operative condor they fall well short of being a co-operative. pc world have been giving there staff a choice weather to have the commission of there sales put in there wages each mth or to put there commission in a pot with others who choose the same, and share out equal every 3 mths.
John Lewis is the benchmark for shops, sadly the likes of Debenhams and M&S have fallen behind in recent years. The only draw back to being a co-operative is, however, the difficulty in raising capital for expansion hence why they have so few stores
they are not has small has you think, like back in the 50's 60's and 70's they done well in there mail order catalogue, that when down hill in the late 80's then switching there mail order over to internet orders.
Mr Ellis
says...
1:25pm Thu 11 Mar 10
Condor Man wrote:The BBC documentary last night showed that they hold back sufficient profits for capital expenditure, and distribute the rest. All they are doing is paying the staff the dividends that would have been paid to shareholders.
John Lewis is the benchmark for shops, sadly the likes of Debenhams and M&S have fallen behind in recent years. The only draw back to being a co-operative is, however, the difficulty in raising capital for expansion hence why they have so few stores
I think this is one story that we won't be getting into an arguement with southy over!
RJCogburn
says...
2:30pm Thu 11 Mar 10
Of course those in senior positions will enjoy a much larger percentage bonus than their junior colleagues. A more equitable distribution of the profits would have been more of a "partnership."
soton1980
says...
3:16pm Thu 11 Mar 10
goard
says...
3:25pm Thu 11 Mar 10
Government, Councils, you would have far more respect from us if you followed JL's excellence.
goard
Red Duster
says...
4:14pm Thu 11 Mar 10
It is partnership owned by its employees known as partners.
It is a model of worker democracy living within its means that others should follow both in the public and private sectors. Its managers are well rewarded for their efforts, but that only right.
Well done the Partnership, keep up the good work.
flower49
says...
4:27pm Thu 11 Mar 10
Red Duster
says...
4:43pm Thu 11 Mar 10
southy
says...
5:04pm Thu 11 Mar 10
flower49 wrote:edwin jones was a very good store went down hill when it change hands.
Every time I have ever been into John Lewis or Waitrose I always come out empty handed, I can walk in and out of John Lewis in 5 mins flat, nothing makes me stop and take a second glance, I still prefer Debenhams and long for the Edwin Jones era. The staff in John Lewis always look as though they have just come from the planet 'Beam me up snotty.'
red duster john lewis is not a partnership with its employees or owned by them. you can not sack a partner, but john lewis have sack employees.
all this bonus is a another name for the monthly commission that the sales people would have earned, but paid yearly.
Derek of Dibden Purlieu
says...
5:06pm Thu 11 Mar 10
flower49 wrote:The inference is that you keep returning in order to be disappointed. Why?
Every time I have ever been into John Lewis or Waitrose I always come out empty handed, I can walk in and out of John Lewis in 5 mins flat, nothing makes me stop and take a second glance, I still prefer Debenhams and long for the Edwin Jones era. The staff in John Lewis always look as though they have just come from the planet 'Beam me up snotty.'
Red Duster
says...
6:28pm Thu 11 Mar 10
southy wrote:Legal defination of a partner with in limited company?
flower49 wrote: Every time I have ever been into John Lewis or Waitrose I always come out empty handed, I can walk in and out of John Lewis in 5 mins flat, nothing makes me stop and take a second glance, I still prefer Debenhams and long for the Edwin Jones era. The staff in John Lewis always look as though they have just come from the planet 'Beam me up snotty.'edwin jones was a very good store went down hill when it change hands. red duster john lewis is not a partnership with its employees or owned by them. you can not sack a partner, but john lewis have sack employees. all this bonus is a another name for the monthly commission that the sales people would have earned, but paid yearly.
In law the employees are the beneficial owners of the John Lewis Partnership and are known as partners within the framework of a limited company.
The bonus is so structured that there a single award to all partners based on a percentage of the annual salary, so the CEO gets 15% the checkout person gets 15%. the bnus is determined by the level of profitability not sales.
I don't know of any other company in the UK thats operates a similar system.
Redback
says...
6:38pm Thu 11 Mar 10
Nice to see it going to ordinary workers for a change.
Well done orange-faced ladies in the perfume and cosmetics department! (they are VERY orange) :-D
rackyroo
says...
6:43pm Thu 11 Mar 10
HWinWindies
says...
7:07pm Thu 11 Mar 10
I have always felt that the staff/partners of JLP and Waitrose were setting the targets for others to reach, but my last three visits to the computer department area of JLP in Southampton has caused me to reconsider.
There is an office or administration area behind the electronics department, and on each occasion a number (usually 3) of staff come out and proceed along the aisle of the sales floor, and do not give way to any customer, causing shoppers in the high-cost area of the shop to get out of their way.
On my last visit there was no quarter given and I was bumped into a cabinet even though I could move no further out of the way and my wife had stepped behind me. There was no apology, just continuing their chat (this sort of customer service deserves no reward).
Also it is still a sham to give percentage bonuses, as the highest paid get the highest bonuses. Share it equally… the toilets are really clean, but the manager will get more as a bonus than a toilet cleaner gets as a wage.
southy
says...
7:52pm Thu 11 Mar 10
Red Duster wrote:that is what jwp is calling a partnership. but its not a true partnership.
southy wrote:Legal defination of a partner with in limited company?
flower49 wrote: Every time I have ever been into John Lewis or Waitrose I always come out empty handed, I can walk in and out of John Lewis in 5 mins flat, nothing makes me stop and take a second glance, I still prefer Debenhams and long for the Edwin Jones era. The staff in John Lewis always look as though they have just come from the planet 'Beam me up snotty.'edwin jones was a very good store went down hill when it change hands. red duster john lewis is not a partnership with its employees or owned by them. you can not sack a partner, but john lewis have sack employees. all this bonus is a another name for the monthly commission that the sales people would have earned, but paid yearly.
In law the employees are the beneficial owners of the John Lewis Partnership and are known as partners within the framework of a limited company.
The bonus is so structured that there a single award to all partners based on a percentage of the annual salary, so the CEO gets 15% the checkout person gets 15%. the bnus is determined by the level of profitability not sales.
I don't know of any other company in the UK thats operates a similar system.
a partner can not be sack but he/she can be bought out. bonus is not tied to what there wages are, its a fix % or its an equal share out.
the profit is determining by the sales after all deductions same has commissions on sales is.
pc world runs a duel system. some of its employees take the monthly on what they sale commission while others take the the same sort of system has jwp but are paid out every 3 months and not the yearly pay out like jwp.
by jwp holding on to its employees bonus money they are colletting the interest on that money from the banks,
has any one of the employees though about asking about that.
southy
says...
7:56pm Thu 11 Mar 10
Ben Doone
says...
8:48pm Thu 11 Mar 10
Understand it went bust because it was always Owen & Owen!!
Also remember Frasers(?) in St Mary's Street. It had a pneumatic lampson tube system linking sales tills with the accounts office.
And the old Co-Op at Charlotte Place. Best place for Xmas Grottos. Ah the memories!!
Have to say John Lewis is the only store which reminds me of past service levels.
Last time I was in Debenhams in Soton there were v few customers and sales staff were non existent. Wanted to buy some sand shoes but couldn't find anyone to serve me
Iw61
says...
9:48pm Thu 11 Mar 10
HWinWindies wrote:Are you telling us that JLP staff in the IT Department deliberately go out of their way to bump into people while working?
It is with regret that I feel compelled to disagree with some of the above commenters.
I have always felt that the staff/partners of JLP and Waitrose were setting the targets for others to reach, but my last three visits to the computer department area of JLP in Southampton has caused me to reconsider.
There is an office or administration area behind the electronics department, and on each occasion a number (usually 3) of staff come out and proceed along the aisle of the sales floor, and do not give way to any customer, causing shoppers in the high-cost area of the shop to get out of their way.
On my last visit there was no quarter given and I was bumped into a cabinet even though I could move no further out of the way and my wife had stepped behind me. There was no apology, just continuing their chat (this sort of customer service deserves no reward).
Also it is still a sham to give percentage bonuses, as the highest paid get the highest bonuses. Share it equally… the toilets are really clean, but the manager will get more as a bonus than a toilet cleaner gets as a wage.
How absolutely shocking!!
They should give their bonuses to you!!
By the way, have you ever been to Tesco's at Burlesdon?
They bump into you deliberately there as well.
How awfully, awful!!!
Condor Man
says...
9:57pm Thu 11 Mar 10
Iw61 wrote:Going to any Tescos give me even more justification for shopping on line. As for John Lewis, it's far and away the best shop in the region- who else gives 5 year guarantee on electrical goods?
HWinWindies wrote: It is with regret that I feel compelled to disagree with some of the above commenters. I have always felt that the staff/partners of JLP and Waitrose were setting the targets for others to reach, but my last three visits to the computer department area of JLP in Southampton has caused me to reconsider. There is an office or administration area behind the electronics department, and on each occasion a number (usually 3) of staff come out and proceed along the aisle of the sales floor, and do not give way to any customer, causing shoppers in the high-cost area of the shop to get out of their way. On my last visit there was no quarter given and I was bumped into a cabinet even though I could move no further out of the way and my wife had stepped behind me. There was no apology, just continuing their chat (this sort of customer service deserves no reward). Also it is still a sham to give percentage bonuses, as the highest paid get the highest bonuses. Share it equally… the toilets are really clean, but the manager will get more as a bonus than a toilet cleaner gets as a wage.Are you telling us that JLP staff in the IT Department deliberately go out of their way to bump into people while working? How absolutely shocking!! They should give their bonuses to you!! By the way, have you ever been to Tesco's at Burlesdon? They bump into you deliberately there as well. How awfully, awful!!!
Iw61
says...
6:55am Fri 12 Mar 10
Condor Man wrote:I actually agree with you there. now theres a first!!
Iw61 wrote:Going to any Tescos give me even more justification for shopping on line. As for John Lewis, it's far and away the best shop in the region- who else gives 5 year guarantee on electrical goods?
HWinWindies wrote: It is with regret that I feel compelled to disagree with some of the above commenters. I have always felt that the staff/partners of JLP and Waitrose were setting the targets for others to reach, but my last three visits to the computer department area of JLP in Southampton has caused me to reconsider. There is an office or administration area behind the electronics department, and on each occasion a number (usually 3) of staff come out and proceed along the aisle of the sales floor, and do not give way to any customer, causing shoppers in the high-cost area of the shop to get out of their way. On my last visit there was no quarter given and I was bumped into a cabinet even though I could move no further out of the way and my wife had stepped behind me. There was no apology, just continuing their chat (this sort of customer service deserves no reward). Also it is still a sham to give percentage bonuses, as the highest paid get the highest bonuses. Share it equally… the toilets are really clean, but the manager will get more as a bonus than a toilet cleaner gets as a wage.Are you telling us that JLP staff in the IT Department deliberately go out of their way to bump into people while working? How absolutely shocking!! They should give their bonuses to you!! By the way, have you ever been to Tesco's at Burlesdon? They bump into you deliberately there as well. How awfully, awful!!!
HWinWindies
says...
10:14am Fri 12 Mar 10
Iw61 wrote:They did not go out of their way, they just had no concern for customers. NOT IT dept, but management types chatting, and not caring who they walked through. A parent with small child or an elderly person would have been knocked over. THAT is not JLP service, that is just plain old bad manners.
HWinWindies wrote:Are you telling us that JLP staff in the IT Department deliberately go out of their way to bump into people while working?
It is with regret that I feel compelled to disagree with some of the above commenters.
I have always felt that the staff/partners of JLP and Waitrose were setting the targets for others to reach, but my last three visits to the computer department area of JLP in Southampton has caused me to reconsider.
There is an office or administration area behind the electronics department, and on each occasion a number (usually 3) of staff come out and proceed along the aisle of the sales floor, and do not give way to any customer, causing shoppers in the high-cost area of the shop to get out of their way.
On my last visit there was no quarter given and I was bumped into a cabinet even though I could move no further out of the way and my wife had stepped behind me. There was no apology, just continuing their chat (this sort of customer service deserves no reward).
Also it is still a sham to give percentage bonuses, as the highest paid get the highest bonuses. Share it equally… the toilets are really clean, but the manager will get more as a bonus than a toilet cleaner gets as a wage.
How absolutely shocking!!
They should give their bonuses to you!!
By the way, have you ever been to Tesco's at Burlesdon?
They bump into you deliberately there as well.
How awfully, awful!!!
The Wickham Man
says...
10:30am Fri 12 Mar 10
southy wrote:It is a percentage of salary, so it is not "equal". But I agree that the John Lewis ethos seems to be a good one. The only downside as a business model is that the company has to finance expansion through borrowing from the bank rather than through share capital. Not a problem when times are good but ruinous when times are hard. I'm not going to go into detail about the mechanics and merits of leveraging capital because there's an illiterate idiot fantasist in Redbridge who thinks he knows all about capitalising business when in truth he just sycophantically parrots the words of others who know as little as he does.
Duncan Disorderly wrote:agree good luck to them, they are worth the reward, but its work force are not share holders, some stores pay a commission on the sales person that he or she sales, john lewis dont do it that way, what they do is all take all the commission on sales, and share it out equal to its work force.
Good luck to them. Nobody's forced to shop at John Lewis or Waitrose. If the company succeeds and they are the shareholders, they are entitled to the reward. The UK needs more companies like them.
southy
says...
11:48am Fri 12 Mar 10
The Wickham Man wrote:quote"It is a percentage of salary, so it is not "equal".unquote
southy wrote:It is a percentage of salary, so it is not "equal". But I agree that the John Lewis ethos seems to be a good one. The only downside as a business model is that the company has to finance expansion through borrowing from the bank rather than through share capital. Not a problem when times are good but ruinous when times are hard. I'm not going to go into detail about the mechanics and merits of leveraging capital because there's an illiterate idiot fantasist in Redbridge who thinks he knows all about capitalising business when in truth he just sycophantically parrots the words of others who know as little as he does.
Duncan Disorderly wrote:agree good luck to them, they are worth the reward, but its work force are not share holders, some stores pay a commission on the sales person that he or she sales, john lewis dont do it that way, what they do is all take all the commission on sales, and share it out equal to its work force.
Good luck to them. Nobody's forced to shop at John Lewis or Waitrose. If the company succeeds and they are the shareholders, they are entitled to the reward. The UK needs more companies like them.
and thats why it is not a true partnership percentage of salary, true partnerships dont operate that way.
and if you care to take a quick look over the internet jlp has shares all shares are held in a jlp trustees trust. whitch co-ops do not have.
all this is, is a contract of employment. and thats has far has it go's has far has the employees go.
Red Duster
says...
11:53am Fri 12 Mar 10
southy wrote:JLP is a limited company in which the employees, known as partners, are the beneficial owners.
Red Duster wrote:that is what jwp is calling a partnership. but its not a true partnership. a partner can not be sack but he/she can be bought out. bonus is not tied to what there wages are, its a fix % or its an equal share out. the profit is determining by the sales after all deductions same has commissions on sales is. pc world runs a duel system. some of its employees take the monthly on what they sale commission while others take the the same sort of system has jwp but are paid out every 3 months and not the yearly pay out like jwp. by jwp holding on to its employees bonus money they are colletting the interest on that money from the banks, has any one of the employees though about asking about that.southy wrote:Legal defination of a partner with in limited company? In law the employees are the beneficial owners of the John Lewis Partnership and are known as partners within the framework of a limited company. The bonus is so structured that there a single award to all partners based on a percentage of the annual salary, so the CEO gets 15% the checkout person gets 15%. the bnus is determined by the level of profitability not sales. I don't know of any other company in the UK thats operates a similar system.flower49 wrote: Every time I have ever been into John Lewis or Waitrose I always come out empty handed, I can walk in and out of John Lewis in 5 mins flat, nothing makes me stop and take a second glance, I still prefer Debenhams and long for the Edwin Jones era. The staff in John Lewis always look as though they have just come from the planet 'Beam me up snotty.'edwin jones was a very good store went down hill when it change hands. red duster john lewis is not a partnership with its employees or owned by them. you can not sack a partner, but john lewis have sack employees. all this bonus is a another name for the monthly commission that the sales people would have earned, but paid yearly.
Its not a socialist eutopia and doesn't try to be. It has clear principles and procedures which are a model worker democracy.
We live in a regulated capitalist system, market forces, supply and demand and all that.
The bonus is paid on annual basis and shared on an equal % basis. any intersr earned increases profitability and therefore the bonus.
Capital is raised by bank loans or issuing corporate bonds to the market without dilution of employee ownership.
At the end of the day, its long term profitabilty that decides if a business is good or not. By that measure JLP is highly successful.
southy
says...
12:34pm Fri 12 Mar 10
a workers model worker democracy will have meetings at lest 1 every 3 mths jlp with the whole work force for each store, where they would have a say in what being sold and where its bought from and how much profit is added on to the goods, jlp do not have no such meetings.
bonus is right and that is all it is a bonus that is paid to the % of wage that person earns and not % of the profits
the employees have no ownership in jlp if they did they could not be sack, has in a case in manchester.
now do you see the difference between true partnership and what is known has a partnership but really is only a term of contract for employment.
The Wickham Man
says...
1:05pm Fri 12 Mar 10
southy wrote:I can see the difference - JLP is a successful business whereas this "workers model deomcracy" would go bust in three months. How do you expect checkout workers to understand what level of GP is needed to cover the costs of running the business - and how do you expect any long term strategic planning to be made when every decision atempted by retail analysts and planners is trampled on at a monthly meeting by those with the least knolwledge and the biggest mouths aka "Socialists"? (Why did the image of an uneducated luddite called Bob Crow suddenly spring into my mind there? ah yes, Southy's hero).
Red Duster limited company that true has the part has known has partners and not are partners. its a choice of words known and are. being known has partners do not make them are partners. its just terms of work contract. and that is all.
a workers model worker democracy will have meetings at lest 1 every 3 mths jlp with the whole work force for each store, where they would have a say in what being sold and where its bought from and how much profit is added on to the goods, jlp do not have no such meetings.
bonus is right and that is all it is a bonus that is paid to the % of wage that person earns and not % of the profits
the employees have no ownership in jlp if they did they could not be sack, has in a case in manchester.
now do you see the difference between true partnership and what is known has a partnership but really is only a term of contract for employment.
Red Duster
says...
1:23pm Fri 12 Mar 10
southy wrote:I repeat JLP is a limited company and the employees, known as partners, are the beneficial owners this can only change by Act of Parliament.
Red Duster limited company that true has the part has known has partners and not are partners. its a choice of words known and are. being known has partners do not make them are partners. its just terms of work contract. and that is all. a workers model worker democracy will have meetings at lest 1 every 3 mths jlp with the whole work force for each store, where they would have a say in what being sold and where its bought from and how much profit is added on to the goods, jlp do not have no such meetings. bonus is right and that is all it is a bonus that is paid to the % of wage that person earns and not % of the profits the employees have no ownership in jlp if they did they could not be sack, has in a case in manchester. now do you see the difference between true partnership and what is known has a partnership but really is only a term of contract for employment.
You seem to be focused on the legal defination of the word Partnership within the narrow confines of UK company law.
The word partners and partnership can have several meanings, you should think outside the box and expand your mind.
southy
says...
1:44pm Fri 12 Mar 10
southy
says...
1:58pm Fri 12 Mar 10
Red Duster
says...
2:32pm Fri 12 Mar 10
As a shareholder of a company, I do not own any particular item of that company but I am entitled to part of the dividends if the directors pay one.
Again, you seem to think that a JLP partner should have the same rights as a partner in a UK legally recognised partnership. JLP is a limited company with employees, known as partners. As I have said several times.
Your arguement seems to be based the wrong information.
Many words have several meanings.
B. L.
says...
2:42pm Fri 12 Mar 10
The Wickham Man wrote:Glad you could translate that first paragraph because I couldn't, your post does does ring true though. Good grief Southy, the more argumentative you get, the more incoherent your posts become, relax and proof read your posts before using the "submit" box, i.e. your first paragraph.
southy wrote:I can see the difference - JLP is a successful business whereas this "workers model deomcracy" would go bust in three months. How do you expect checkout workers to understand what level of GP is needed to cover the costs of running the business - and how do you expect any long term strategic planning to be made when every decision atempted by retail analysts and planners is trampled on at a monthly meeting by those with the least knolwledge and the biggest mouths aka "Socialists"? (Why did the image of an uneducated luddite called Bob Crow suddenly spring into my mind there? ah yes, Southy's hero).
Red Duster limited company that true has the part has known has partners and not are partners. its a choice of words known and are. being known has partners do not make them are partners. its just terms of work contract. and that is all.
a workers model worker democracy will have meetings at lest 1 every 3 mths jlp with the whole work force for each store, where they would have a say in what being sold and where its bought from and how much profit is added on to the goods, jlp do not have no such meetings.
bonus is right and that is all it is a bonus that is paid to the % of wage that person earns and not % of the profits
the employees have no ownership in jlp if they did they could not be sack, has in a case in manchester.
now do you see the difference between true partnership and what is known has a partnership but really is only a term of contract for employment.
The Wickham Man
says...
3:07pm Fri 12 Mar 10
southy wrote:We see the "Greed " word used a lot by ignorant morons such as yourself, mainly because it is so vague you don;t have to justify it with specific examples. Let me tell you something that is obvious to anyone reading this board except you - a man will work harder to create better conditions for his wife and children - he won't work harder just to create better conditions for the "state". That first option is what you in your dumb and insulting ignorance call "greed" ie a man or woman being rewarded for working harder to better their life. For your information dumbo, over 99% of issued shares in this country are owned by institutions, not individuals and those institutions are mainly Pension Funds, Investment funds, Unit Trusts, Insurance funds, ISAs......and who owns them? Oh an by the way, someone explain to him the difference between public and private limited companies.
The Wickham Man there are a number of small firms that have been started by people like checkout people and are very successful people like you will not give other types of systems a try out because they know it will work a lot better than the we have now that is base on greed.
southy
says...
3:28pm Fri 12 Mar 10
"For your information dumbo, over 99% of issued shares in this country are owned by institutions, not individuals and those institutions are mainly Pension Funds, Investment funds, Unit Trusts, Insurance funds, ISAs......and who owns them?"
the people that own them are a minority the majority can not afford such luxury.
and giving out the insults just go's to show when some threaten your way thinking and showing people how wrong the system that we got today is so wrong and ther are other ways and much better ways your type just dont like it so out comes the insults.
Red Duster
says...
3:45pm Fri 12 Mar 10
Thats democracy and long may it be so.
southy
says...
3:49pm Fri 12 Mar 10
Red Duster wrote:red duster when you talk about companys there are terms and condiction that they must apply to.
All assets are by the Company. The beneficial owners of the company are the employee, known as partners.
As a shareholder of a company, I do not own any particular item of that company but I am entitled to part of the dividends if the directors pay one.
Again, you seem to think that a JLP partner should have the same rights as a partner in a UK legally recognised partnership. JLP is a limited company with employees, known as partners. As I have said several times.
Your arguement seems to be based the wrong information.
Many words have several meanings.
owners in a company have the right of a fix share in profit or an equal amount.
terms of contract of work are different and you can call it what ever you like, there are loads of companys that do share out bonus to its employees, and there are many different names giving to it. check with untie union i know they have all ready dealt with this last year. a judge in manchester has all ready said its just a term of contract for work for its employee's, has an employee under this term work contract is not subject to the company debts or loses like a partnership would be.
i know partership has several meanings
Ben Doone
says...
4:01pm Fri 12 Mar 10
Correct me if I'm wrong but didn't you post some time ago that the rigging business you were involved in prior to semi retirement included mostly self employed people with your sister doing all the admin and tax payments etc because you weren't familiar with Office work having left school at 15.
As always I am in awe of your breadth of knowledge bearing in mind your self confessed dislike of administrative tasks.
btw when you were at sea, and an expert at knots, were you a member of the Untie Union?
B. L.
says...
6:02pm Fri 12 Mar 10
Ben Doone wrote:Come on Ben, give him a break, he's getting better, it's an improvement on the previous post I commented on. The Untie Union is probably better than the Unite Union anyways. :)
Peter
Correct me if I'm wrong but didn't you post some time ago that the rigging business you were involved in prior to semi retirement included mostly self employed people with your sister doing all the admin and tax payments etc because you weren't familiar with Office work having left school at 15.
As always I am in awe of your breadth of knowledge bearing in mind your self confessed dislike of administrative tasks.
btw when you were at sea, and an expert at knots, were you a member of the Untie Union?
southy
says...
6:33pm Fri 12 Mar 10
Ben Doone wrote:ben i was on a government ship you was not allowed to be a member of a union, way back then, but i joined the t&g (it only became the unite union last year) after i done my 4 years at sea and when i started my next 4 years of training on shore, and leaving school at 15 was the norm at that time.
Peter
Correct me if I'm wrong but didn't you post some time ago that the rigging business you were involved in prior to semi retirement included mostly self employed people with your sister doing all the admin and tax payments etc because you weren't familiar with Office work having left school at 15.
As always I am in awe of your breadth of knowledge bearing in mind your self confessed dislike of administrative tasks.
btw when you were at sea, and an expert at knots, were you a member of the Untie Union?
your right i dont like administrative work i prefer to be out side getting my hands dirty and out in all weather's but it dont mean i can do it, it just means i dont like the work.
southy
says...
6:40pm Fri 12 Mar 10
The Wickham Man
says...
7:31pm Fri 12 Mar 10
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Duncan Disorderly says...
10:27am Thu 11 Mar 10