2 thoughts on “Beware the lure of executive pay caps”

  1. Posted 20/11/2018 at 12:52 | Permalink

    If the plan follows the usual structure of insisting that all firms supply the information with penalties for not doing so, that would present yet another unreasonable burden for the smaller business.

  2. Posted 20/11/2018 at 13:25 | Permalink

    The pay of all private sector employees is determined by the votes of the shareholders, who, up until now have not been active enough. A useful improvement would be to reinforce their power within all limited companies.

    In the public sector there is no limiting factor, like profitability, which would curb pay. This why senior local government employees have significantly increased their salaries beyond all reason. The chief execs of many councils have salaries in excess of the PM, yet their performance is abysmal.
    A limit here would in my view be very effective.

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