rebecca long-bailey: Do you think Dave Lewis, the supermarket chain's chief executive, who collects about 5m in an average year, should take home less Do you want an annual poll to make it happen Welcome to one of 20 proposals from a group of academics led by Prof Prem Sikka in a report commissioned by Labour's Rebecca Long-Bailey, the shadow business secretary, and John McDonnell, the shadow chancellor, according to The Guardian. As a way to curb undeserved executive pay and also create mechanisms for better distribution of income giving consumers a vote on remuneration definitely counts as radical. Or perhaps you are one of the 16m people with a Tesco Clubcard. The only way for those bonuses would be down. And that's before they have seen the proposal about how boards of persistent offenders on pay could ultimately be removed by eligible stakeholders meaning consumers plus employees, as well as shareholders. Labour plan to give customers of big firms vote on boardroom pay Read more One can hear the spluttering in boardrooms already.
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Tagged under rebecca long-bailey, supermarket chain topics.