Wednesday, June 10, 2020

Lloyd's Register's CEO stands with CEOs of For Profit orgs.

Lloyd's Register's CEO stands with CEOs of for profit orgs for green recovery. Check the link below.
https://www.linkedin.com/posts/lloyd%27s-register_leaders-call-on-prime-minister-to-create-activity-6676075434007904256-fXJ7

Now Lloyd's Register is all about Charity as detailed below (source:  https://www.lrfoundation.org.uk/en/about-us/ ).
So why would a Charity org stand with vehemently For Profit orgs (List of for profit orgs can be checked here: https://www.ukssd.co.uk/call-on-pm-to-create-socially-just-and-green-recovery )?

Now being a "charity org", Lloyd's Register should ideally be more worried about bringing it's funded research activities back on track, and research scientists well being during the COVID 19 pandemic. But there is not one single post of Lloyd's Register top management addressing the issue of closure of universities where it's funded research are taking place or the research scientists working on Lloyd's Register's research subjects. But instead Lloyd's Register CEO's concerns looks similar to the concerns of the other CEOs of "for profit" companies which are not registered as "Charity orgs".

Apparently, it seems Lloyd's Register, a Charity org pays its top management the salary comparable to for profit organizations. Example is ex CEO Richard Sadler's salary.
( source of above: https://www.civilsociety.co.uk/news/-951m-lloyd-s-register-foundation-is-largest-registered-charity.html )

Look at the paltry peanut grants released for charity purpose, the operational profits of Lloyd's Register in select few small tiny countries will be sufficient to fund the Lloyd's Register's charity obligations.

What does the above revelations explain about the charity status of Lloyd's Register? Leave your non offensive comments below.

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