BrainKing - Discussion boards (Politics)

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Politics

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7. March 2009, 21:30:28

Mort

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Vince Cable has called for highly paid executives in the private and public sectors to be named and shamed.

In his speech to the Lib Dem spring conference, the party's deputy leader demanded full disclosure of salaries more than £194,000 - what the PM earns.

The move would ensure "fat cats have nowhere to hide", he told delegates.

Publicly listed firms publish board members' pay but Mr Cable claimed some of the highest earners do not join boards to avoid full disclosure.

The Lib Dem Treasury spokesman, who has been one of the leading critics of excessive City salaries, criticised what he called "extreme, obscene, inequalities of reward".

But he extended criticism to public sector employees who expect bonuses whether they succeed or fail.

http://news.bbc.co.uk/1/hi/uk_politics/7929664.stm