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Gillespie: Foundations of Economics

Unit 18

Bonuses
In 2006 the bonuses at Goldman Sachs reached a staggering £8.5bn! The average bonus per partner was $622,000 per employee. The most senior "partners" were given $10m to $20m; some traders are expecting $60m. Perhaps not surprisingly this caused some jealousy at other firms as you can see if you read
business.timesonline.co.uk/article/0,,8209-2508008,00.html

Employee rights
For information on employee rights visit
www.direct.gov.uk/en/Employment/Employees/index.htm

Executive pay
There has been much discussion in recent years about the levels of executive pay. For more on this visit
www.guardian.co.uk/executivepay/0,,543498,00.html

International Labour Organisation
"The International Labour Organization is the UN specialized agency which seeks the promotion of social justice and internationally recognized human and labour rights. It was founded in 1919 and is the only surviving major creation of the Treaty of Versailles which brought the League of Nations into being and it became the first specialized agency of the UN in 1946."
www.ilo.org/

Trade Unions
To find out about employee rights and current employee issues visit the Trade Union Congress (TUC) website. The TUC represents the major trade unions in the UK.
www.tuc.org.uk/