Saturday, 24 January 2009

More good stuff from Myners

This interview is well worth a read, more evidence that he was a smart appointment by the govt. Some good stuff on pay:

“There is a need to look at the whole approach to compensation. To me it seems hugely challengeable that those at the top of our corporations — not just our banks — have seen their remuneration grow exponentially over the past 20 years. Perceived fairness is very important.”

“I've met more masters of the Universe than I would like to, people who were grossly over-rewarded and didn't recognise that. Some of that is pretty unpalatable. They are people who have no sense of the broader society around them..."

And all this nodded through by the people managing your pension remember.

1 comment:

Graham Sinclair said...

Thank you for posting this, Tom. Mr Thain's revelations this last week offers just more reasons to believe execs and their compensation live in another universe. As you blog posits, this all floated through while institutional investors watched. Touched some this week http://sri-extra.blogspot.com/2009/01/blood-tainted-milk-in-china-and-country.html

Separately, I regret to say the ZIM talks drag on in Pretoria/Tshwane. I am embarrassed by my country, and my continent's, response [save Khama from Botswana].

Keep up the good work.
GS
SRI-Extra