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January 23, 2012

In Britain, Rising Outcry Over Executive Pay That Makes ‘People’s Blood Boil’

“As company boards prepare to vote on the annual compensation of their senior executives, investors and the government in Britain are pushing for ways to shrink what some have called excessive pay packages.”

“Over the last two months, two of the country’s biggest investors stepped forward to declare their general disapproval with the level of executive pay, and to call for investors to be given more say over the packages. Prime Minister David Cameron backed their calls on Thursday after saying that large pay packages, during times when many households have to tighten their belts, understandably ‘made people’s blood boil.'”

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