Fat cat pay hikes

[G. Stewart]

"In response to a series of high-profile rows over apparent boardroom greed, the Trade and Industry Secretary, Patricia Hewitt, won Cabinet approval for a shareholder-led crackdown on excessive salary increases paid to directors. In future, all boardroom remuneration packages, including bonus schemes, must be made subject to an annual separate vote by ordinary shareholders rather than by shadowy, unaccountable "remuneration committees" composed of other directors...."   From the Guardian Weekly October 25-31, under UK News, The Week in Britain, "Crackdown on fat cat pay hikes."     Gail Stewart [EMAIL PROTECTED]