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Posts on ‘May 15th, 2011’

BOSSES’ SOARING PAY IS SLAMMED

Shell is often at odds with institutional investors over the generous pay packages it gives to its executives, such as boss Peter Voser, who last year took home £4.6 million in pay and bonuses.

By Tracey Boles and Geoff Ho: Sunday May 15,2011

THE pay of top earners is spiralling out of control, a high-level report will warn tomorrow, as investors prepare to tackle three of Britain’s biggest companies over excessive remuneration.

The independent inquiry into high pay across both the public and private sectors, says that it is climbing “at an alarming rate”.

The High Pay Commission will also warn in its report, out tomorrow, that Britain is on course for levels of inequality not seen since Victorian times. read more

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