Sheikh Your Bootie.......
C***s anyhow, it = a pay cut, with inflation @ 8% or therabouts.
It's actually not as bad as you think, according to the IMF, who are predicting UAE inflation at about 2.0 for 2009, which is down from a 'modest' 11.5 in 2008, then rising to 3.1 in 2010.
Refer: Page 209 of
http://www.imf.org/external/pubs/ft/...1/pdf/text.pdf
Hoiwever, if the Company as a whole is still making profits then a bit of 'goodwill' on its part would seem to be a pretty sensible 'investment', particularly with all the negative sentiments that are being expressed about management, so 'yes', you're sentiment about C***s seems spot-on.
