There’s nothing I can say here that hasn’t been said already. As I write 761 people have already had their say on the BBC website, and I can’t think that much of it will have been very complimentary. The one thing I would highlight is that Vince Cable’s plan.. and I quote (thank you BBC):
"On Monday, Business Secretary Vince Cable announced a series of measures designed to rein in excessive executive pay.
The include more power for shareholders to veto salary and redundancy packages, and encouragement for firms to increase diversity on their boards."
"On Monday, Business Secretary Vince Cable announced a series of measures designed to rein in excessive executive pay.
The include more power for shareholders to veto salary and redundancy packages, and encouragement for firms to increase diversity on their boards."
Come on Vince. You can do better than that! You would seek to control the situation by giving the power of veto to people who have a vested interest in the company, and would likely be in a position to receive wonderful inflated shares, should they kindly NOT interfere!? Encourage firms to make the members of the boards more diverse? There is no one diverse enough who could be brought into such a position, unless you’re advocating said positions to be given to random selections from the general public, in a move not dissimilar to granting responsibility during the course of jury service (an ironic comparison).
To those in positions of power in the UK today: You’re a joke, the whole bloody lot of you, and I’m ashamed to be even remotely associated with a system which behaves in such an appalling way.
