08 Jan '12, 12am

British PM vows crackdown on executive pay

British PM vows crackdown on executive pay

LONDON: British Prime Minister David Cameron has vowed to give shareholders the right to veto executive pay packages, amid mounting political pressure and public anger over huge salaries and bonuses. "The market for top people isn't working, it needs to be sorted out," he told The Sunday Telegraph newspaper. "Let's empower the shareholders by having a straight, shareholder vote on top paid packages." Despite repeated controversies over bosses being handed huge payoffs even in cases where companies have failed, currently shareholders can only express their disapproval through an advisory vote. No details have been agreed on how the new arrangements would work, but they could form part of reforms being worked on by business minister Vince Cable. He is due to publish results of a wide-ranging consultation this month. Cameron's pledge came after growing calls from the main opp...

Full article: http://www.channelnewsasia.com/stories/afp_world/view/117...

Tweets

Pay for performance does not work

tankinlian.blogspot.com 08 Jan '12, 4am

Manipulation is the right word. If the ceo's pay is based on 'performance' he can manipulate. What is performance? Is it r...

Pay fine to URA | Tan Kin Lian's Blog

Pay fine to URA | Tan Kin Lian's Blog

tankinlian.blogspot.com 09 Jan '12, 5am

I have just received a parking fine for an expired parking coupon. The notice gave the URL to pay fine as www.ura.gov.sg/p...

Wakefield Sues British Journal For Defamation in Texas | Care2 Causes

Wakefield Sues British Journal For Defamation i...

care2.com 08 Jan '12, 1am

The British doctor Andrew Wakefield whose discredited study linking autism to the MMR vaccine set off a global public heal...

When Does It Pay to Quit?

When Does It Pay to Quit?

coolinsights.blogspot.com 09 Jan '12, 7pm

Believe it or not, quitting isn't necessarily the mark of a loser. There is a time and place for giving up, just as there ...

Jochen Zeitz, executive chairman, #Puma - 'Trad...

ethicalcorp.com 07 Jan '12, 3pm

: Traditional accounting is no longer adequate for the challenges that we face given the planet’s finite resources and lev...

Women are a mystery to British physicist Hawkin...

sg.news.yahoo.com 06 Jan '12, 11pm

LONDON (Reuters) - The biggest mystery in the universe perplexing one of the world's best known scientists is -- women. Wh...

Pay Cut for Prime Minister and Ministers, But N...

salary.sg 05 Jan '12, 4pm

PM Lee will get a 36% salary cut and receive an annual pay of $2.2m without pension, down from the previous pay package of...

Ministers' pay cut proposal: Who earns $1 million in the private sector

Ministers' pay cut proposal: Who earns $1 milli...

straitstimes.com 06 Jan '12, 2am

The $1.1 million entry-grade benchmark salary for new ministers is not an easy sum to make in the private sector, but it i...

British government to give Scotland independenc...

straitstimes.com 11 Jan '12, 1am

LONDON (AFP) - The British government said on Tuesday it would give Scotland the legal powers to hold a referendum on inde...

Tweet British Police Crackdown On Fraudulent We...

domainnews.com 29 Dec '11, 9pm

British Police Crackdown On Fraudulent Websites in Leadup to London Olympics Thursday, 29 December 2011 22:19 David Goldst...

[TOC] Paradigm shifts needed to reform politica...

theonlinecitizen.com 08 Jan '12, 9am

All these problems we have been witnessing with the Ministers and MPs behaving like they are party of the ruling party rat...

36% pay cut for PM, 37% cut for entry-level min...

straitstimes.com 04 Jan '12, 5am

The committee to review ministers' salaries has recommended a pay cut of 31 per cent for a minister at entry grade, and a ...

Commentary: Singapore's leading political party...

sg.news.yahoo.com 07 Jan '12, 2pm

Kuala Lumpur (The Star/ANN) - In 1976, when I first visited China, its 86-year-old leader Mao Zedong was near death, and I...