Should the RE-Turn scheme be scrapped?

[Hallbopping]

The CEO pay is important for 2 reasons. (i) our purchases fund it (ii) when the public fund it, the public have a right to know.

The idea of the scheme was ‘not for profit’. They may not be making a profit, but they are sitting on a cash mountain. That mountain is funding their pay. History tells us that this never ends well. Return the money those who funded the cash mountain, other wise there will be scandals in years to come with regard to how that mountain was managed. It is inevitable.

When this scheme was introduced I don’t believe it was ever sold to the public as the polluters running the organisation?
Those who produce the pollutant, continue to produce, charge us for it, lecture us on it, pay themselves from it, award themselves higher than average pay increases and won’t tell us what is being done with the cash mountain they are sitting on.

What could go wrong?

Those are very legitimate questions that need answering. I’m completely for transparency.

Improve the scheme and the management of it. Abolishing it would be a gross overreaction.

 

[The Banker]

Those are very legitimate questions that need answering. I’m completely for transparency.

Improve the scheme and the management of it. Abolishing it would be a gross overreaction.

Fair points..

However when large sums of money are involved, those who control that money never want a light shone on it.

 

[Hallbopping]

Fair points..

However when large sums of money are involved, those who control that money never want a light shone on it.

I’m sure the Minister has powers available to him to enforce the legislation.

 

[The Banker]

I’m sure the Minister has powers available to him to enforce the legislation.

The minister will only act when the people kick up a fuss. Let’s keep kicking.

 

[Yermon]

Go back over the thread and you’ll see them.

It’s important not to conflate the principle behind the scheme with the corporate structure and governance. The principle is sound and the corporate governance is where there are legitimate questions to be asked. I’m uninterested in the CEO’s pay to be honest. CEO pay is normally benchmarked against the market and is linked to the achievement of KPIs.

I have to point out however that your suggestion that people should get back a greater deposit than the one they paid is absolutely nuts. That would set the scheme up to be permanently loss making and therefore needing annual subvention. We’ve seen with RTÉ what happens when an organisation knows that the Government will step in to bail them out.

The scheme isn’t perfect, but it’s here to stay. It’s now well embedded, has significantly increased the return of bottles and cans, and similar deposit-return schemes have been successful across Europe. The fact that there are legitimate issues with how it operates doesn’t mean the underlying principle is a failure.

You really ARE thick aren’t you?

My suggestion was that the monies paid back would equate to the sheer profit generated the previous year.

More recycling, less profit, closer to the 15cents deposit,- less recycling, more profit, more incentive to recycle by giving more than 15 cents.

I even broke it down with examples from last years profit so that a dullard like you could grasp it, but as others have pointed out you seem completely disinterested in logical discussion on a way to improve on the current farce. You’re just in attention seeking mode because you have zero interest in trying to win GP’s hearts and minds and have better buy in to recycling.

It’s clear from your posts here that your far less interested in having a genuine year on year uplift in recycling than you are in having another governmental gravy train keep on rolling

 

[El Guapo]

The CEO pay is important for 2 reasons. (i) our purchases fund it (ii) when the public fund it, the public have a right to know.

The idea of the scheme was ‘not for profit’. They may not be making a profit, but they are sitting on a cash mountain. That mountain is funding their pay. History tells us that this never ends well. Return the money those who funded the cash mountain, other wise there will be scandals in years to come with regard to how that mountain was managed. It is inevitable.

When this scheme was introduced I don’t believe it was ever sold to the public as the polluters running the organisation?
Those who produce the pollutant, continue to produce, charge us for it, lecture us on it, pay themselves from it, award themselves higher than average pay increases and won’t tell us what is being done with the cash mountain they are sitting on.

What could go wrong?

is there any time limit on returns? I presume the 90 million or whatever in unclaimed bottles is a liability on their balance sheet and must be carried forward until it's written off or something.

Any accountants on here?

I reckon re turn will be coming looking for a bail out in 5 years. The cash will be frittered away, the machines will become obsolete and they won't be able to service overheads

 

[Colonel Lee Fields]

 

[Hallbopping]

You really ARE thick aren’t you?

My suggestion was that the monies paid back would equate to the sheer profit generated the previous year.

More recycling, less profit, closer to the 15cents deposit,- less recycling, more profit, more incentive to recycle by giving more than 15 cents.

I even broke it down with examples from last years profit so that a dullard like you could grasp it, but as others have pointed out you seem completely disinterested in logical discussion on a way to improve on the current farce. You’re just in attention seeking mode because you have zero interest in trying to win GP’s hearts and minds and have better buy in to recycling.

It’s clear from your posts here that your far less interested in having a genuine year on year uplift in recycling than you are in having another governmental gravy train keep on rolling

Being called thick by you is like being called crazy by Trump. It’s meaningless.

 

[Yermon]

Being called thick by you is like being called crazy by Trump. It’s meaningless.

Even Otto was able to grasp the concept of using last years profits to incentivise this years returns - not you though.

Not even in a pay-up-front scheme.

It’s astounding that you still can’t grasp it.

 

[Meridian]

Even Otto was able to grasp the concept of using last years profits to incentivise this years returns - not you though.

Not even in a pay-up-front scheme.

It’s astounding that you still can’t grasp it.

Scum Man go and fuck yourself.

You must be getting desperate.