"It is important to remember why “radical reform” is urgently necessary.
On Tuesday, it was reported that the average
FTSE 100 CEO saw their pay increase 12% to an average of £4.8m: approximately
200 times average private sector pay. By contrast, disposable incomes
for the rest of us are set to fall
for the third year running (pdf)". hat tip http://www.leftfootforward.org/2012/06/shareholders-reject-martin-sorrell-bonus-wpp/
My own personal blog. UNISON NEC member for Housing Associations & Charities, HA Convenor, London Regional Council Officer & Chair of its Labour Link Committee. Newham Cllr for West Ham Ward, Vice Chair of Local Authority Pension Fund Forum, Pension trustee, Housing & Safety Practitioner. Centre left and proud member of Labour movement family. Strictly no trolls please. Promoted by Luke Place on behalf of J.Gray, Newham Labour Group, St Luke’s Community Centre, E16 1HS.
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3 comments:
There is nothing wrong with high salaries. However, it is never linked to company profits. Nor is it linked to long term shareholder.
There should an end to huge pay offs, for failing CEOs...
CEO salaries should be linked to shareholder value, they should get that in 3-7 years, this way they sow the seeds for growth and not short term quick profits....
Labour got a lot of loving from WPP (or rather its "lobby" companies).
Are you trying to clean up politics?.
Leveson inquiry, shows up the txt messages between government and industry.....
I guess you never got your never got a goodie bag?
Hi anon 02.04
Agreed (and we should have employee reps sitting on the board keeping an eye on such things)
Hi Anon 23.44
Err yes (and yes)
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