Curb bosses’ pay or risk breakdown of trust in capitalism, MPs warn

Big companies urged to split profits with staff and give workers a say in executive pay

Big companies should split their profits with staff and give employees a say in how chief executives are paid, or risk a complete breakdown of trust in the capitalist system, MPs have said.

A report by the business select committee said a series of “shaming” decisions – including a £75m bonus handed to the boss of housebuilder Persimmon – showed a need for fresh curbs on “executive greed … baked into the remuneration system”.

Continue reading...

from The Guardian https://ift.tt/2FCQf7b

Comments

REPORT: Furious Spike Lee Paces Aisle, Turns Back To Stage...

REPORT: Furious Spike Lee Paces Aisle, Turns Back To Stage... (Top headline, 5th story, link ) Related stories: REVIEW: Hostless Show Starts With Rock & Rolls Off Rails... Actor knocks borders, walls during speech in Spanish... Stage designed to look like Trump hair? 'GREEN BOOK' OVERCOMES BACKLASH, NABS BEST PICTURE... Top Critics Fume... LIST: WINNERS... Advertise here from Drudge Report Feed https://ift.tt/2SUpIKy

Tiny Love Stories: ‘Who Was I to Deprive Him of Joy?’

By Unknown Author from NYT Style https://ift.tt/2UV7YAG

The Ugly History of Dual-Loyalty Charges

When Representative Ilhan Omar recently complained about “the political influence in this country that says it is okay to push for allegiance to a foreign country,” many noted accurately that she had deployed a trope—dual loyalty—that had been used against Jews for years. But this accusation has a broader history in the United States, having been used against several religious minorities—including Muslims like Omar. Indeed, many battles over religious freedom have revolved around dual-loyalty claims. [ Read: Ilhan Omar just made it harder to have a nuanced debate about Israel ] In the 19th century, many attacks on Catholics stressed that these immigrants were pawns of a foreign power. In the 1830s, Samuel Morse—then a prominent painter and later the inventor of the telegraph—urged Americans to build “walls” and “gates” to keep out Catholic immigrants, who would always be loyal to Rome. Because these Catholic immigrants were decrepit —“halt, and blind, and naked”—they were easy to co...

KnightViral

Search This Blog