Category: Capitalism / Globalisation

30.11.11

An action took place in Lon­don against a union-bust­ing earth-trash­ing Swiss/British coal and met­al min­ing com­pa­ny — for a selec­tion of the glob­al protests against them, see below the main arti­cle.  There’s var­i­ous footage: 1 | 2 | 3  | 4 | 5. Part of the N30 mass strike (time­line). 

#Occu­pyL­SX had announced an action at 3pm at Pic­cadil­ly Cir­cus. They set off with the sam­ba band and min­utes lat­er a flare was set off inside Pan­ton House, Hay­mar­ket, whilst a ban­ner was hung from the roof. Out­side pro­tes­tors chal­lenged some plain­clothes cops in the crowd, after which a ‘bub­ble’ or ket­tle was set up, appar­ent­ly with more plain clothes cops trapped inside it.

Occu­py Lon­don – part of the glob­al move­ment for social and eco­nom­ic jus­tice – today high­light­ed the cor­po­rate greed endem­ic in the UK and called for a change with­in soci­ety.

About 60 pro­tes­tors gained entry into the offices of min­ing com­pa­ny Xstra­ta, a ‘lead­ing light’ of the FTSE 100 and British indus­try to high­light the fact that CEO Mick Davies was the high­est com­pen­sat­ed CEO of all the FTSE 100 com­pa­nies in the last year, when his com­pa­nies had loss­es and the econ­o­my col­lapsed. He received £18,426,105 for his efforts. [1]

This comes in a year when the aver­age pay rise of exec­u­tives across FTSE 100 com­pa­nies was 43%, with ‘top’ direc­tors at 49%. [2]

Led by a sam­ba band to the build­ing from Pic­cadil­ly Cir­cus, the pro­test­ers entered the HQ at 25–7 Hay­mar­ket, Lon­don, with the pro­test­ers chant­i­ng against the cor­po­rate greed of Mick and oth­er exec­u­tives, in sup­port of all those strik­ing for fair pen­sions for all today. The pro­tes­tors also unfurled a ban­ner say­ing “All pow­er to the 99%” from the roof top.

There are cur­rent­ly about 20 pro­test­ers inside – being held down on knees, of which many are women. There are a few hun­dred peo­ple ket­tled out­side.

The pro­test­ers today are mak­ing the con­nec­tion between the slash­ing of pri­vate and pub­lic sec­tor pen­sions, while sup­posed ‘top’ exec­u­tives cash in by increas­ing their own pay lev­els, leav­ing many with­out pen­sions. These CEOs like Mick Davies lav­ish­ly secure their own futures while ignor­ing the secu­ri­ty and well­be­ing of their own work­ers.

Mines have closed in Aus­tralia, South Africa and Spain with­in the last decade result­ing in hun­dreds of work­ers in the last decade being laid off.

Karen Lin­coln, sup­port­er of Occu­py Lon­don said: “Mick Davies is a prime exam­ple of the greedy 1 per cent, lin­ing their own pock­ets while deny­ing work­ers pen­sions. In this time when the gov­ern­ment enforces aus­ter­i­ty on the 99 per cent, these exec­u­tives are prof­it­ing. The rest of us are hav­ing our pen­sions cuts, health ser­vice torn apart and youth cen­tres shut down.

“We refuse to stand by and let this hap­pen. We call on oth­ers to join us in the fight for a more just soci­ety. Today we have tak­en this to one of the offices of the 1 per cent. This is only the begin­ning. Come and join us on 15th Decem­ber for Occu­py Every­where.”

Occu­py Lon­don will unveil details of Occu­py Every­where soon. Be ready.

Notes

[1] Accord­ing to the Income Data Ser­vices, Mick Davies from Xstra­ta (min­ing com­pa­ny) was the high­est paid exec­u­tive in the FTSE 100. His com­pa­ny has recent­ly tak­en severe hits as FTSE 100 com­pa­nies face drop in val­ue (£104 bil­lion off FTSE 100 com­pa­nies). He was paid £18,426,105. LONDON OFFICE: Reg­is­tered Office, 4th Floor 25/27 Hay­mar­ket, Lon­don SW1Y 4EN

High­est paid exec­u­tives in the FTSE 100:

1. Mick Davies, Xstra­ta, £18,426,105

2. Bart Becht, Reckitt Benkiser, £17,879,000

3. Michael Spencer, ICAP £13,419,619

4. Sir Ter­ry Leahy, Tesco £12,038,303

5. Tom Albanese, Rio Tin­to £11,623,162

6. Sir Mar­tin Sor­rell, WPP Group £8,949,985

7. Todd Kozel, Gulf Key­stone Petro­le­um £8,913,223

8. Don Robert, Exper­ian £8,601,984

9. Edward Bon­ham Carter, Jupiter Fund Man­age­ment £8,003,641

10. Dame Mar­jorie Scardi­no, Pear­son £8,003,641

[2]  http://www.independent.co.uk/news/business/news/business-as-usual-top-directors-get-49-per-cent-pay-rise-2376929.html

[3] Face­book page for Occu­py London’s Stock Exchange site just by St Paul’s (Occu­pyL­SX) is  https://www.facebook.com/occupylondon. Over­all Occu­py Lon­don twit­ter Occu­py Lon­don­hastag is #occu­py­lon­don. Occu­pyL­SX Twit­ter is  https://twitter.com/#!/OccupyLSX ; hashtag#occupylsx. Twit­ter for the new Fins­bury Square site is  https://twitter.com/#!/OccupyFS; hastag #occu­pyfs. Twit­ter for Bank of Ideas is  http://twitter.com/bankofideas and face­book is  http://facebook.com/bankofideaslondon

——

What hap­pened next (& pho­tos) — ejec­tion, ket­tling (with new added ‘info screens’), arrests and arrestee-coach block­ing. 

——-

Oct.’07: Xstra­ta, crit­i­cized heav­i­ly by a grow­ing num­ber of Chileans oppos­ing the Swiss min­ing company’s plan to build a large hydro­elec­tric dam in north­ern Patag­o­nia (Region XI), is no stranger to con­tro­ver­sy – espe­cial­ly when it comes to rivers.  More

Oct.’06: THE tra­di­tion­al Abo­rig­i­nal own­ers of land near the Gulf of Car­pen­taria are trav­el­ling to Dar­win to protest against the min­ing com­pa­ny Xstrata’s deci­sion to expand a zinc and lead mine by divert­ing the McArthur Riv­er. More

Jan.’08: Com­mu­nist rebels have attacked a $2 bil­lion cop­per and gold mine owned by Xstra­ta in the Philip­pines. More

May ’11: Peru — Xstra­ta halts activ­i­ties at Las Bam­bas due to protests  More

Nov.’11: Work­ers of the min­ing group Xstra­ta are to demon­strate in Johan­nes­burg on Tues­day to demand the right to take part in indus­tri­al action.…“This march will be tak­ing place amid the impromp­tu arrest of Num­sa mem­bers by [the] SA Police Ser­vice under the instruc­tion of one of Xstrata’s key exec­u­tives.” More

Nov.’11: Vehi­cles torched in job protest at Xstra­ta mine More