Cable: Shareholders More Power… Who are the shareholders?

1 minute read.

One measure announced was greater power for shareholders to block excessive pay or redundancy packages.

via BBC News – Government plans to curb executive pay announced.

The once great Vince Cable, sprouting some tosh. Thanks to the coordinated effort of the worlds’ central banks, dolling out effectively free money to anybody who asked. Large corporations/companies i.e those big enough to have shareholders, have been steadily buying back their shares.

So lets give more power to the shareholders… I think I can foresee a problem with this.

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