Any move aimed at curbing salaries or bonuses granted to captains of industry is likely to be met with strong resistance by EU member states such as Britain, which fears that it might pose a threat to the City of London by pushing businesses to relocate.
Er...what happened to "we have to pay a competitive, world market salary"?
Doesn't the market dictate that those poor benighted companies from pay-restricted countries would simply go under if they couldn't pay millions for executive failure?
Any move aimed at curbing salaries or bonuses granted to captains of industry
Also it's interesting that rises in management income do not constitute the dreaded "wage inflation".
Funny, that. "Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
Meanwhile the poor and powerless need the incentive of benefit or wage cuts to get them out of bed.
When you're rich, it's a reward for being rich.
