Website lets public express anger at City pay
A new service has been launched aimed at mobilising public anger over executive pay.
Building on the protest vote against remuneration policies at Barclays on Friday, a new website will allow savers to email the major City institutions that manage their investments and demand they take action on executive pay.
The rebellion at Barclays came amid signs that institutional investors are beginning to take action against underperforming companies. Last week the pay policies of Central Rand Gold were voted down when 75% of investors voted against the remuneration report of the South-Africa-based company, which is listed in London. The pay policies were also rejected last year after a period of underperformance by the company, which was worth £300m at its flotation in 2007 but has sunk to just £15m now.
Pour citer cette ressource :
"Website lets public express anger at City pay", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), avril 2012. Consulté le 03/12/2023. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/website-lets-public-express-anger-at-city-pay