Cameron's attack on executive pay 'ludicrous and unrealistic', says entrepreneur
Posted by Dan Martin in Finances, Business trends on Tue, 24/01/2012 - 11:01
David Cameron's assertion that he is going to get tough on executive pay in the private sector has been slammed by a property entrepreneur.
Will Davies, co-founder of aspect.co.uk, said: "Trying to get cheap brownie points by coming out with such piffle is pointless. It is obviously a sap for voters who are feeling under financial pressure at the moment.
But, the point is, that most shareholders in FTSE 100 blue chip companies are institutional and foreign investors and they are only interested in the bottom line and not getting involved in executive pay."
The prime minister has pledged to curb top executives pay by making shareholders responsible for the amount they receive. Speaking on BBC1's Andrew Marr Show, Cameron said that "excessive" pay deals made "people's blood boil".
But Davies added: "Politicians should have a say about how the public sector spends the money tax payers give it, but creating Orwellian laws dictating how much a private company can pay its execs is a sure fire way to ensure Britain gets zero foreign investment."
- 976 reads
- login or register to post comments
- Add to a social bookmarking site
Dragons' Den judges James Caan and Deborah Meaden and social entrepreneur Karen Darby are some of the successful entrepreneurs who feature in our exclusive videos. 
Join our social media discussion group and share your Twitter username with other BusinessZone members. 
We've got lots of free books to give away; all you've got to do is review them!