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From what I read Cameron is doing just what I consider to be right, giving shareholders more say over exec pay. Anything else I hope is only huff and puff as Keith puts it, to do more would be government's interfering where they should not.
Alexander - the overall movements in the share markets is not something that should determine executive pay - this is as much to do with macro-economic conditions than anything to do with an individual company. If, however, changes made by a Chief Exec results in a company's shares performing better than their peer group, even if downwards, then there is a success that should be celebrated. Most of what you have written has no relationship to the real world and is more suited to the failed command economies of the 50's, 60's and 70's.
Our present economic problems are not caused by the large businesses or their executives and certainly have not their pay. Yes, even the banks, though some of them did make a number of mistakes that were made only because of government encouragement and the regulatory changes in 1997 and beyond. This really shows the incompetence of government and why they should stay out of commercial affairs apart from setting some sensible regulatory standards that were abandoned in 1997.
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