Nice to see that Occupy is starting to have an effect in that MPs and Peers want to side with us against the obscene amounts that company bosses are awarding themselves in pay rises. It is clear that we have a system out of control here.
David Cameron's suggestion that company shareholders have more say over executive remuneration is no good because, as Robert Preston pointed out many shares in large companies are owned by other large companies. The people that make the decisions about which shares to hold and what to do at shareholders meetings are the very sort of senior employees whose compensation packages they are supposed to be monitoring!
Maybe it will take drastic action to fix this. Here's one suggestion, how about banning the practice of allowing one company to own the shares of another. This means all share holders have to be real living people, who hopefully will be more likely to act in the interests of the human race as a whole? If this does not work for the really big multinational corporations, then maybe it is because they are too big?
Later that afternoon I have a nice cup of tea in the Paternoster Square Starbucks. I got a chance to charge my laptop and while I was doing it found a very interesting film that may explain why a small number of 'powerful' people could have caused such a big mess. They are probably psychopaths!
What also was surreal was seeing the hundreds of metal barriers that had been crammed into the square in an attempt to discourage any though of the Occupy LSX camp expanding there. At least it is a nice steady source of employment for a small army of security staff now!
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