We will 'get tough' on excessive boardroom pay - Clegg

**MIG-31** · Dec 4, 2011, 04:56 PM

The government is to publish new proposals to curb "unjustified and irresponsible" pay rewards in the private sector, Nick Clegg has said.
The deputy prime minister said ministers would announce plans to "get tough" on excessive boardroom pay in January and may legislate if necessary.

Among likely steps is widening the membership of remuneration committees, which set pay, to include workers.
Recent figures showed executive pay at the UK's top firms rose 50% last year.

Pay research firm Incomes Data Services said this increase took the average pay for a director of a FTSE 100 company to just short of £2.7m.
Mr Clegg told the BBC's Andrew Marr that these figures were a "real slap in the face" for workers on middle and low incomes, who are seeing their pay frozen.

BBC News - We will 'get tough' on excessive boardroom pay - Clegg

**MIG-31** · Dec 4, 2011, 05:03 PM

Don't you just love Hypocrisy from the UK government...

Have the MP's in England already forgot about the Dipping into the "Expenses" to pay for there everyday living bills the "Tax Payer" were (And still are) paying for...

Nick Clegg imo is the biggest lier in current polotics... And has he forgot Many MP's are on the Board of Many Big companies..

mkk · Dec 4, 2011, 07:20 PM

We've had similar statements here from the minister of finance here in Sweden since last year, but all the government has done so far has been facilitating for more bonuses. Apart from lowering their taxes of course.

Dec 4, 2011, 04:56 PM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,860 Rep Power: 471 System Specs	We will 'get tough' on excessive boardroom pay - Clegg The government is to publish new proposals to curb "unjustified and irresponsible" pay rewards in the private sector, Nick Clegg has said. The deputy prime minister said ministers would announce plans to "get tough" on excessive boardroom pay in January and may legislate if necessary. Among likely steps is widening the membership of remuneration committees, which set pay, to include workers. Recent figures showed executive pay at the UK's top firms rose 50% last year. Pay research firm Incomes Data Services said this increase took the average pay for a director of a FTSE 100 company to just short of £2.7m. Mr Clegg told the BBC's Andrew Marr that these figures were a "real slap in the face" for workers on middle and low incomes, who are seeing their pay frozen. BBC News - We will 'get tough' on excessive boardroom pay - Clegg __________________ Please Post Your News Submissions Here

Dec 4, 2011, 05:03 PM	Thread Starter #2
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,860 Rep Power: 471 System Specs	Re: We will 'get tough' on excessive boardroom pay - Clegg Don't you just love Hypocrisy from the UK government... Have the MP's in England already forgot about the Dipping into the "Expenses" to pay for there everyday living bills the "Tax Payer" were (And still are) paying for... Nick Clegg imo is the biggest lier in current polotics... And has he forgot Many MP's are on the Board of Many Big companies.. __________________ Please Post Your News Submissions Here

Dec 4, 2011, 07:20 PM	#3
mkk Cthulhu/Dagon 2012 Join Date: Oct 2003 Location: Gefle, Sweden Posts: 4,495 Rep Power: 132 System Specs	Re: We will 'get tough' on excessive boardroom pay - Clegg We've had similar statements here from the minister of finance here in Sweden since last year, but all the government has done so far has been facilitating for more bonuses. Apart from lowering their taxes of course.