There’s only one way to solve inequality and fat-cattery – and it isn’t ‘naming and shaming’
As new figures show wage stagnation for workers – and big pay hikes for bosses – Prem Sikka argues it’s time to bold solutions to the inequality crisis.
As new figures show wage stagnation for workers – and big pay hikes for bosses – Prem Sikka argues it’s time to bold solutions to the inequality crisis.
Companies might have to justify pay gaps between bosses and workers, but without a body to oversee it the measure is futile. Prem Sikka writes.
Fat-cats have no shame and shareholders have no long-term commitment to any company. New measures won’t work.
Companies should have a two-tier system of corporate management, a new board of stakeholders balancing out the power of the shareholders.
FTSE 100 CEOs now make 130 times average pay
Other countries have much better legislation to ensure income is distributed fairly
Could the contrast between Libor investigations at home and across the pond highlight injustice caused by budget cuts?
Three Network Rail bosses, who already earn between £360,000 and £560,000, will receive £300,000 each in “golden handcuff” payments to keep them at the company.
Boris Johnson, the bankers’ best friend, is breaking his promise not to cut London’s police and fire brigade budgets, reports Shamik Das.
Zain Sardar of the Young Greens looks at the scandal of fat cat university Vice Chancellors.