Summary
THE political heat over director pay is rising rapidly. But as the brazen decision by homebuilder Bellway to award bumper bonuses in the middle of a housing crash proves, this message has yet to penetrate thick boardroom walls.
Bellway will no doubt be telling its shareholders that rewriting directors' performance targets is necessary to ensure its stellar team remains on board.See the full content of this document
Extract
Slimmer Pay for a Spartan Era ; Comment
But this ignores the rapidly changing public mood - as the Association of British Insurers pointed out in an unusually strongly worded statement last week.
Tolerance of boardroom excess across Europe and the ...See the full content of this document
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