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Message
Theresa May attacks 'unacceptable face of capitalism'
Posted on 8/28/17 at 11:28 am
Posted on 8/28/17 at 11:28 am
LINK
quote:
Businesses who pay excessive salaries to senior executives represent the "unacceptable face of capitalism", Prime Minister Theresa May has said. The "excesses" of some bosses was undermining confidence and "damaging the social fabric of our country", she wrote in the Mail on Sunday. Firms that face shareholder revolts over salaries and bonuses will be named on a new public register, Mrs May said. She also said firms could decide how workers are represented in boardrooms. The Conservatives' manifesto said executive pay should be approved by an annual vote of shareholders. Mrs May's article does not mention this commitment, but instead says firms that have a "shareholder revolt" on pay will be named on a new public register.
quote:
Mrs May said most of the UK's biggest businesses invested in their workforces and looked after the interests of employees and investors. However, she said that "too often in recent years we have also seen another, unacceptable, face of capitalism". A "minority of firms are falling short of the high standards we expect of them," she added. "Some have deliberately broken rules that are designed to protect their workers. "Others have ignored the concerns of their shareholders by awarding pay rises to bosses that far outstrip the company's performance."
Posted on 8/28/17 at 11:30 am to RedRifle
Government interference in business. What could possibly go wrong?
Posted on 8/28/17 at 11:33 am to RedRifle
Look, I'm all for capitalism and a free market. But when companies that make profits of 20 billion one year see they are only going to make 21 billion the next start laying off thousands of workers, then reward the top executives with multi million dollar rewards, I see red. And the businesses that provide life and/or health preserving services like health insurance, hospitals, and pharmaceutical companies should be fricking ashamed at the amount they charge Americans compared to what citizens or governments in other countries pay.
This post was edited on 8/28/17 at 11:35 am
Posted on 8/28/17 at 11:35 am to PrivatePublic
quote:
Government interference in business.
What do you think would happen without antitrust laws?
Posted on 8/28/17 at 11:39 am to Shiftyplus1
quote:
But when companies that make profits of 20 billion one year see they are only going to make 21 billion the next start laying off thousands of workers, then reward the top executives with multi million dollar rewards, I see red
Their company, their decision.
Posted on 8/28/17 at 11:50 am to dbeck
quote:
What do you think would happen without antitrust laws?
Nothing that a free and socially connected market couldn't resolve. Antitrust laws are outdated and unnecessary.
Posted on 8/28/17 at 11:52 am to Shiftyplus1
quote:7
Look, I'm all for capitalism and a free market. But when companies that make profits of 20 billion one year see they are only going to make 21 billion the next start laying off thousands of workers, then reward the top executives with multi million dollar rewards,
Are they supposed to keep workers to do jobs that aren't needed anymore?
Posted on 8/28/17 at 11:54 am to RedRifle
From a government that still has royalty and The Crown, interesting.
Posted on 8/28/17 at 11:55 am to RedRifle
Not so subtle jab at Pres Trump.
Posted on 8/28/17 at 11:56 am to Shiftyplus1
quote:
Look, I'm all for capitalism and a free market. But when companies that make profits of 20 billion one year see they are only going to make 21 billion the next start laying off thousands of workers, then reward the top executives with multi million dollar rewards, I see red. And the businesses that provide life and/or health preserving services like health insurance, hospitals, and pharmaceutical companies should be fricking ashamed at the amount they charge Americans compared to what citizens or governments in other countries pay.
Exactly. Greedy corporations lavish bonuses on executives while they lay off their workers. I'm sure most have country club and other private club memberships too.
We need to cap executive pay.
Posted on 8/28/17 at 11:56 am to Shiftyplus1
So are you really for free market?
Posted on 8/28/17 at 11:59 am to toni_the_tigress
quote:
We need to cap executive pay.
We need to also cap pay for everyday workers. Food service, Auto workers, welders, oil field workers, and especially teachers and doctors and nurses and every other medical profession.
Posted on 8/28/17 at 12:01 pm to toni_the_tigress
quote:
We need to cap executive pay.
Do they teach Econ at LSU?
Posted on 8/28/17 at 12:03 pm to RedRifle
She just trying to pull votes from the Corbynites, which wont happen. It could cause her to lose alot of support from the right.
Posted on 8/28/17 at 12:04 pm to lsulaker
quote:
It could cause her to lose alot of support from the right.
British right ain't like the American right, Bubba.
Posted on 8/28/17 at 12:06 pm to Undertow
They're public companies most of the time. It isn't their company. It is the stockholders.
Posted on 8/28/17 at 12:25 pm to PrivatePublic
quote:
What do you think would happen without antitrust laws?
Nothing that a free and socially connected market couldn't resolve. Antitrust laws are outdated and unnecessary.
The failure of the free market to solve the problems created by trusts/monopolies is the reason we have anti-trust laws. They are neither outdated nor unnecessary.
Posted on 8/28/17 at 12:26 pm to Nuts4LSU
quote:
The failure of the free market to solve the problems created by trusts/monopolies is the reason we have anti-trust laws. They are neither outdated nor unnecessary.
Created by crony capitalism.
Posted on 8/28/17 at 12:42 pm to Shiftyplus1
quote:
I see red
You sure do
Posted on 8/28/17 at 12:43 pm to Shiftyplus1
quote:
Look, I'm all for capitalism and a free market. But when companies that make profits of 20 billion one year see they are only going to make 21 billion the next start laying off thousands of workers, then reward the top executives with multi million dollar rewards, I see red. And the businesses that provide life and/or health preserving services like health insurance, hospitals, and pharmaceutical companies should be fricking ashamed at the amount they charge Americans compared to what citizens or governments in other countries pay.
:kige:
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