http://talk.guardian.co.uk/WebX?50@@.4a913215


http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1051390211306&p=1012571727085


http://www.guardian.co.uk/executivepay/0,1204,543498,00.html

So the GSK shareholders finally discovered their teeth, and were up in arms at the thought of CEO Garnier getting a £23 Mill golden hand shake should he loose his job. Damn, that's some friggin' hand shake!, not a bonus, but a reward for failing.

Good on u small guys! About time too, the court ruling has set a precedent, and the Fat cats are pooing themselves. Now there's talk of Govt intervention in the form of legislation, however that will prove to be very difficalt. Here in Eng, ceo pay has inceased to over 23% the average wage, in the US ceo pay can be as much as 450 times the average wage.
There are murmours that if Eng does go ahead and bring out legislation, controlling CEO payouts, then it will be to the detrement of the Brit economy, as this will make companies shy away from a counntry whose Govt is see to be "anticapitalistic"
No..it's time to act now. The "shareholder" system of economics has given birth to this current ludacrous situation, where large institutional shareholders like insurance companies, sit on their hands adn dont excersise their shareholder voting power at AGMs because their own CEOs are in the same boat, and they dont want that boat rocked.
Shareholder democracy is toothless, it doesnt' work....Governments...step forward please.

...and a French fatcat on top of that! Now if it was an American ally... who knows....we have the same thing overhere in holland , the government stepped in because some top-ceos of the ING bank wanted to raise their salary in 3 years with 60(!) percent , to "keep up" with the other guys, while at the same time the ING bank fired lower staff and other get less wages. The public in general was outraged and as smart politicians do, they took action towards the CEOs, BEFORE the anger of the voter turn against the fatcat politicians themselves...

Now if it were an american ally... who knows....

well this is it, the majority of these Blucechips are American, hence the apprehension over bringing in legislation here in England, and a lot of Brit business organisations such as the CBI, are affraid to "upset" the large US corporations.


top-ceos of the ING bank wanted to raise their salary in 3 years with 60(!) percent , to "keep up" with the other guys, while at the same time the ING bank fired lower staff and other get less wages. The public in general was outraged

Yup, this is precisely what is wrong with modern capitalism, it's spiraling out of control. Not only that, but it's fraught with lack of balance, both intrinsically, and with the external affects it propegates. How can you have a situation whereby the CEO of a company receives 60% pay rise, whilst at the same time employees of that same company are being sacked, and the company is downsizing, it's ridiculous. I'm no Harvard MBA business guru, and even I can see that this is just madness.

"Yup, this is precisely what is wrong with modern capitalism, it's spiraling out of control."

Ahh, but whose control? Certainly not us voting, taxpaying members of the publics control. Which is the whole point of it.

not us voting, taxpaying members of the publics control

maybe not, but it definately affects us voting, tax paying members of the public. These Bluechips employ Millions of us worldwide, they pay people's salaries, their mortgages, their health insurance. If you're caught in the blast of a company downsizing and you loose your job, then that's your life affected. If you have childeren then their lives are affected etc....
and at the same time the fat cat CEO of the company that downsized you, receives a £10 Million golden hand shake payout deal,...then that's not a good situation is it.