3 thoughts on “Top Pay under fire again”

  1. Posted 09/01/2012 at 15:33 | Permalink

    Liberal Democrat Ministers should be particularly sensitive to the problem expressed in the penultimate paragraph as their last-but-one Chief Executive resigned on ‘ill health grounds’ remarkably soon after being criticised in the national media for the level of his remuneration from the public purse, and whether or not it pertained to genuine performance…

    I don’t recall any current Lib Dem Minister or MP joining in the public outrage over that matter…

    Perhaps their silence relates to the shocking problem of politicians sitting on each other’s committees and setting their own pay… and perhaps, to be consistent, the solution is for Matthew Elliot of the Tax Payers Alliance to sit on the Parliamentary pay committees as a ‘shareholder representative’?

  2. Posted 10/01/2012 at 08:24 | Permalink

    If being bailed out by the taxpayer counts as ‘failure’, what does that imply for excecutive pay?

  3. Posted 10/01/2012 at 11:40 | Permalink

    Michael, if the taxpayer bails out a bank the government presumably becomes the major shareholder and it could legitimately use this power to influence pay within the bank – although it would be wise to bear in mind some of the points made above..Mr Cameron’s proposals however cover all major public companies, including those like Tesco or Marks and Spencer which have never gone cap in hand to government and should be free to set pay however they wish .

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