Tuesday, 29 November 2016

Works Counsel

How are there not binding votes of shareholders on executive pay? There are binding votes of trade unionists on executive pay.

The genie is out of the bottle both on pay disparities and on workers' representation.

Theresa May has put those issues on the agenda, and Labour needs to step up.

It should simply be illegal for anything to pay anyone more than 10 times what it paid anyone else.

And the only logic of today's proposals is elected workers' representation on company boards.

That, in turn, would never be organised in practice by anyone apart the trade unions.

They are going to come marching back into the private sector for the purpose.

Thank you, Theresa May.

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