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The Beckhams! How greedy can you get?!

292 replies

MotherOfAllNameChanges · 21/04/2020 22:24

https://meaww.com/victoria-beckham-employees-furlough-salary-pay-taxpayers-net-worth-posh?fbclid=IwAR2RmDGxYNRagLSTVBlE6DD1q4QV5ZZqjYspPABAAiBrrTgyFWL15DZydGo

OP posts:
MrsJoshNavidi · 21/04/2020 22:30

Ditto Richard Branson

MotherOfAllNameChanges · 21/04/2020 22:33

Oh god yes!

OP posts:
Parkandride · 21/04/2020 22:37

Surely her business is separate from her personal wealth which is hardly likely to be cash sat around. I wouldnt demand my manager pay me from her savings - not sure why it's different just because VB is richer.

Caselgarcia · 21/04/2020 22:38

I was under the impression Branson wanted loans and was offering his Necker Island as security against loans. So not the same thing as furloughing staff in a business that has never made a profit.

user1493494961 · 21/04/2020 22:39

The mega rich always want to hang on to their money.

perniciousdot · 21/04/2020 22:43

Surely her business is separate from her personal wealth which is hardly likely to be cash sat around. I wouldnt demand my manager pay me from her savings - not sure why it's different just because VB is richer.

Really? Jesus Christ.

Devlesko · 21/04/2020 22:43

As greedy as the general public have and continue to allow.
People on threads like this moan but don't stop paying them their hard earned money.
I wonder if anyone will vote with their feet or keep funding these people who laugh all the way to their next billion.

southeastdweller · 21/04/2020 22:45

Surely her business is separate from her personal wealth which is hardly likely to be cash sat around. I wouldnt demand my manager pay me from her savings - not sure why it's different just because VB is richer.

The difference is that VB and her husband have a fortune of over a quarter of a billion pounds. It's probable your boss's savings and assets are much less.

bluebell34567 · 21/04/2020 22:46

greedy till they are the most rich.

GreyishDays · 21/04/2020 22:46

This applies to so many businesses though. I don’t see why she’s getting singled out.

Gingerkittykat · 21/04/2020 22:47

Her business is loss making so essentially a very expensive vanity project. She should be the one paying her staff.

People need to remember her behaviour when this is over and act accordingly.

MsMarple · 21/04/2020 22:48

Parkandride - is your manager a shareholder/owner of the business? Or just another employee like you?

I think the issue people have is with very rich owners who have taken lots of profit from the business and will continue to be entitled to dividends or whatever when the economy picks up. I don’t know what the solution would be though. Maybe some kind of repayment system when your turnover increases? Probably too late now though!

Caselgarcia · 21/04/2020 22:58

Her business makes a substantial loss every year, so it's not a viable business model. Why should taxpayers subsidise her vanity project?

AutumnCrow · 21/04/2020 23:10

I'd have hoped businesses and the SE have to demonstrate they are profit making in order to trouser a wedge of taxpayer's money.

Otherwise what's the point?

Pixxie7 · 21/04/2020 23:16

The problem is that it is employees who will suffer not her. The best we can hope for is that the mega rich will pay through higher taxes.

serialtester · 21/04/2020 23:23

The furloughed scheme is government support so that businesses do not have to make staff redundant. Clearly she's been using her personal fortune to prop up her vanity project - why stop now? To use tax payers money is disgraceful.

Richard Branson is a tax exile who sued the NHS. He doesn't deserve a penny.

And Stella McCartney can do one too.

BritWifeinUSA · 21/04/2020 23:34

And don’t forget they have de-camped to their country home in the Cotswolds.

But “she’s forgoing her salary”. My heart truly bleeds for her.

alice08 · 21/04/2020 23:38

This reply has been deleted

Message deleted by MNHQ. Here's a link to our Talk Guidelines.

AutumnCrow · 21/04/2020 23:40

Are you drunk, alice, perchance?

B1rdbra1n · 22/04/2020 00:20

It's not a business, it's her hobby

perniciousdot · 22/04/2020 00:24

If it wasn't for beckham wed never make it to the world so quit be thankful. The man gave us the treble and is in the legend.

Victoria Beckham ?

Ok.

Overseasmom100 · 22/04/2020 00:32

The business makes a loss year after year and DB baled it out last time.

Most businesses would of called it a day by now but it does appear as others have said it is a hobby. So no the government and tax payers shouldnt stump up...perhaps DB may like ro bail her out...again?

batvixen123 · 22/04/2020 00:34

So this post is suggesting that furlough payments only be made if the company owner has less than a certain amount of assets and if they are over the threshold they...are forced to liquidate their assets to pay their staff? Or just don't get the furlough payment and can make people redundant?

What's the threshold? And how do you value the assets? Like...should Victoria Beckham's house be valued now when she probably can't sell it or at the price it was two months ago? She almost certainly doesn't have the vast sums quoted in liquid form via the bank.

AutumnCrow · 22/04/2020 00:41

I think a 'business' should be provably trading at a profit, yes, to qualify for the CJRS handouts. And to have been doing so for a set amount of time. Just like the self-employed will have to do when they are invited by HMRC to fill in their claims.

DeRigueurMortis · 22/04/2020 01:43

Well on one hand you can argue that there are many wealthy businesses owners doing the same - they are just not as high profile.

That said it does stick in the craw.

Particularly because the business has never made a profit.

It's one thing using taxpayer money to prop up an otherwise profitable business that is important to the economy and provides needed services to a wide socio-economic proportion of the population , but quite another to support a luxury lifestyle brand that has a very small wealthy customer base and functions as a vanity project for a very wealthy individual.

We are going to be paying this money back in taxes for decades and frankly I think it's right to question the validity of where it's going.

Not because someone is famous or indeed personally wealthy but rather the "worth" of the business as a whole wrt the value it brings to the wider economy and the customers it serves.

In that regard there's a huge gulf between VB and Branson.

He's asking for a loan (and offering security for it in the form of Necker Island) for a company that provides a service to a wide demographic, employs many thousands of people and enables international trade (not just through transporting people, but also the freight many people don't realise commercial planes also carry).

At the other end of the spectrum we have the football clubs wanting to furlough staff but keep paying the players £££ who have celebrity owners worth millions.

Also add the companies that "offshore" and don't pay (or minimise) UK taxes asking for furlough payments.

There are many companies that deserve support and many that don't.

The problem is what's the criteria and how do you assess it quickly?

Some "worthy" business need money now if they are to survive. They can't wait for weeks of red tape and ultimately that will mean some cheeky fuckers will absolutely take advantage.

That said I think people will remember this for a long time and those that behaved inappropriately will suffer reputational damage to their brands and business.

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