tag:blogger.com,1999:blog-4073991368963140015.post7499295772884666236..comments2023-11-05T12:18:27.222+00:00Comments on Labour And Capital: Where are the clients' yachts?Tom Powdrillhttp://www.blogger.com/profile/05511483398745094803noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4073991368963140015.post-3915283621763303912009-05-14T12:25:00.000+00:002009-05-14T12:25:00.000+00:00Yeah maybe, but it's still a significant cost that...Yeah maybe, but it's still a significant cost that other industries don't bear to the same degree. and I'm not sure to what extent staff (as opposed to clients) actually enjoy the jollies once they've done their 100th lunch with a local authority finance dept!Tom Powdrillhttps://www.blogger.com/profile/05511483398745094803noreply@blogger.comtag:blogger.com,1999:blog-4073991368963140015.post-56965856732258104862009-05-06T13:03:00.000+00:002009-05-06T13:03:00.000+00:00I'm not saying this necessarily stacks up but you'...I'm not saying this necessarily stacks up but you're ignoring any possible benefits from the jollies. <br />If the staff get to join the jolly that probably helps retention and recruitment for instance.<br /><br />If the money is just micturated against free standing objects then returns should be lower and therefore fewer people would invest with them.Falcohttps://www.blogger.com/profile/02403217488563637871noreply@blogger.com