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First crack in executive pay dam?

Community Veteran
Posts: 5,322
Thanks: 467
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Registered: 21-03-2011

First crack in executive pay dam?

Aviva shareholders voted down the proposals on executive pay. http://www.bbc.co.uk/news/business-17938865
No doubt these executives will make good their threats and leave the company in protest? One can only wish.
Now Zen, but a +Net residue.
3 REPLIES
thejudge
Grafter
Posts: 571
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Registered: 01-08-2007

Re: First crack in executive pay dam?

Please note this quote from further down the article:
"Shareholder votes on pay are only advisory, so while the defeat is embarrassing for the company it is not binding."
In other words, they can carry on taking the [censored] and be sure that nothing will be done.
Community Veteran
Posts: 7,923
Thanks: 600
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Registered: 02-08-2007

Re: First crack in executive pay dam?

Seems like a number of Civil servants are also on the ball by forming a private company and not paying the amount of tax the rest of us pay.
It appears that once you reach a certain pay grade or position in the government or private firm a whole range of tax dodges and perks are open to you.
kmilburn
Grafter
Posts: 902
Thanks: 2
Registered: 30-07-2007

Re: First crack in executive pay dam?

What I want to know with these arrangements is why they've not been caught under the IR35 tax rules..
Oh,    I forget,  It's only the contractors that get caught by these rules,  not the people employing them!!!