RE: Fat cat pay hikes

[Cordell . Arthur]

And fat cats there are.  Fat cat families too. -------------------------------------------------------------   There are 60,000 families worldwide with net worths of $30 million or more, according to a report released in May by Cap Gemini Ernst & Young, a consulting firm. At the time, the number of superrich people was growing 5.8 percent annually, although recent market declines may have slowed or even reversed that rate. http://www.nytimes.com/2001/10/07/business/yourmoney/07RICH.html?pagewanted=print    -----Original Message----- From: G. Stewart [mailto:[EMAIL PROTECTED]] Sent: Friday, October 26, 2001 9:57 AM To: [EMAIL PROTECTED]; [EMAIL PROTECTED] Subject: Fat cat pay hikes "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]