11 days ago by Steven Berk

File this one under “no good greed goes unpunished.” Well, at least this greed won’t. Today, the Department of Justice will file a series of criminal complaints against former Credit Suisse traders. The traders are accused of exaggerating the value of asset-backed securities in the days leading up t ...

12 days ago by The Stigler

I'm loathed to simply accept that things have changed for no reason, or because people are somehow different to how they once were. So, why has the ratio of the highest and lowest paid in a company, or even highest and average pay in a company risen over the past 30 years. The wrong answer is that m ...

13 days ago by Air Scoop

Sir Stelios ups ante over EasyJet pay plans Stelios Haji-Ioannou, EasyJet’s founder, has stepped up his battle with the budget airline’s management, aligning his campaign to vote down directors’ pay proposals with the broader UK debate over excessive executive pay. Air Scoop, The European Low Cost C ...

17 days ago by biowrite

Close-up of a poster I saw attached to the screen of an RBS ATM. Click on it to see it larger. [UPDATE: Since posting this I have been anonymously emailed a small and a large version of the relevant image. I cannot advocate what is possibly an illegal activity, but then neither can I stop you printi ...

19 days ago by Giffenman

Corporate wealth is being siphoned off by a kleptocratic class that has neither earned nor generated it George Monbiot guardian.co.uk

19 days ago by Alan Brett

Today’s announcement by Cairn Energy that it will withdraw resolution 2 at its General Meeting next week, demonstrates that shareholders can act on egregious pay awards when they really want... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

19 days ago by wriglesworth

PF Government plans for a cap on benefits of £26,000 defeated in the Lords, after the Bishop of Ripon led a revolt demanding the child benefit should not be included in the cap. Partisan sentiments as the Daily Mail call … Continue reading →

19 days ago by Gruel

By Greg Ruel- Research Associate The word "non" has been removed from "non-binding shareholder vote" in the latest attempt to curb rising executive compensation. Not in America, we aren't there yet, but an article in today's Financial Times lays out some of the terms proposed for a binding sharehold ...

20 days ago by Alan Weaver

Brendan Barber Commenting today (Monday) on the government's proposals to reform executive pay, TUC General Secretary Brendan Barber said: "Through its many consultations and speeches, the government has made a compelling case for radical reform of executive pay. It's very disappointing then to see ...

23 days ago by Andrew

Prem SikkaExecutive remuneration is out of control in the United Kingdom. The final report by the High Pay Commission concluded that “there is rarely a link between directors’ incentives and the way a company performs. In the past 10 years, the average annual bonus for FTSE 350 directors went up by ...