Skip to main content

Cable: IoD now to the left of May on executive pay

In response to a call by the Institute of Directors for the government to give investors a bigger say in executive pay, Sir Vince Cable, Liberal Democrat Shadow Chancellor, said:

“Even directors think executive pay can be excessive, yet the Conservatives still refuse to take action. When so many people are struggling, it undermines confidence in wealth creation, which ultimately harms everybody.

“Liberal Democrats have long campaigned for binding votes on executive pay.

“Conservative failure to take action shows that Theresa May just doesn’t care. Even the Institute of Directors are to the left of her. Perhaps she is simply terrified because she has so dented business confidence by her insistence on pulling Britain out of the customs union and single market.”

Comments

Popular posts from this blog

NHS reorganisation No 3,493,233

Followers of my blog will have seen the NHS question about how many reorganisations have we had. We've yet another. The number of PCTs (Primary Care Trusts) nationally is to halve. This means merging East and North. (and then probably HoB and south). It would be nice if people would stick with one structure. There is a quotation ( Which sadly does not appear to be a true quotation ) We trained hard . . . but it seemed that every time we were beginning to form up into teams we would be reorganized. I was to learn later in life that we tend to meet any new situation by reorganizing; and a wonderful method it can be for creating the illusion of progress while producing confusion, inefficiency, and demoralization. But has to have been originated by someone. The web link shown goes through the derivation which appears to be more linked to an anonymous British Soldier WW2 than any Roman or Greek General called by a name perming 2 out of (Gaius, Galus, Petronius and Arbiter). From the...