In this age of shareholder revolt, not only do we need to encourage employees and their
trade unions to buy shares in order to workers on boards, not only
do we need a 12-month qualifying period before voting shares may be used
as such, and not only might the public sector trade unions be
encouraged and assisted to buy up the City.
But we also need to require
every public limited company to have one non-executive director
appointed by the Secretary of State for a fixed term equivalent to that
of other directors, and responsible for protecting the interests of
workers, small shareholders, consumers, communities and the environment.
We need a ban on anything paying any of its employees more than 10 times what it paid any of its other employees, with the whole public sector functioning as a single entity for this purpose, and with its median wage fixed at the median wage in the private sector, to which manual jobs would no longer be outsourced.
MPs and Ministers would be included in that, and there would be a statutory ban on anything, anywhere in the economy, paying anyone more than the Prime Minister. The trick with the Conservatives is to make them think that it was their idea. As we see on several points today.
Nevertheless, Ed Miliband, over to you.
We need a ban on anything paying any of its employees more than 10 times what it paid any of its other employees, with the whole public sector functioning as a single entity for this purpose, and with its median wage fixed at the median wage in the private sector, to which manual jobs would no longer be outsourced.
MPs and Ministers would be included in that, and there would be a statutory ban on anything, anywhere in the economy, paying anyone more than the Prime Minister. The trick with the Conservatives is to make them think that it was their idea. As we see on several points today.
Nevertheless, Ed Miliband, over to you.
No comments:
Post a Comment