venda-se!

Um blogue de ensaio e erro sobre Economia.

Contacto

aputadasubjectividade
Pop Chula
buzina

27.4.03

O que aí vem

Crackdown on 'fat cat' riches

The scandal of the so-called rewards-for-failure culture, with huge pay-offs being made to bosses of ailing companies, is set to end.
Amid mounting fury at the spectacle of boardroom fat cats walking away with millions from 'golden goodbye' deals, The Observer can reveal that the Government is planning to bring in measures that could lead to pay-offs being capped at six months' salary.
With investor disgust at seven-figure salaries and pay-offs going to directors of poorly performing companies, Trade and Industry Secretary Patricia Hewitt is finalising a paper on executive excess, which will be published within a fortnight.
Last week Hewitt said there was 'an entirely justified fury' among shareholders who have seen their investments slashed while poor company performance is rewarded with huge salaries and perks for the executives.


Ver também.

Judgment day for executive salaries

When Barclays shareholder Martin Simons last week questioned whether chief executive Matt Barrett was worth 10 High Court judges - the value of his pay package - he set a new benchmark for measuring corporate greed.
His remarks came at one of a series of bad-tempered encounters between shareholders and well-remunerated directors of companies with less than exemplary performance records.