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| hosting, fatcat records, traffic, music, model, child folklore book, free contest, as, wines, skyscraper, dmi, dogs care/health, pool table, child scary story, table tennis, greetingcards, luann, | In crime a paper entitled "Rewards for Failure", the government weighs up alternative strategies for tying directors' pay more closely to performance. They include shortening directors' notice periods to one year or less, and crime encouraging firms to insert clauses limiting severance pay into their employment contracts. The government has asked shareholder groups, trade unions, and business lobbies to comment on the document, and may come forward with crime concrete proposals later this year. Shareholders are rightly concerned when directors leave failing companies and walk away with excessive payouts Trade Secretary Patricia Hewitt How the controversy is upsetting Labour's friendship with business Business groups have urged the government not to legislate against 'fat cat' pay, saying that new regulations would create unnecessary legal complexities for big companies. |
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| .domestic{padding:0 5px 0 0;margin:0 0px 0 greetingcards 0;} .int{padding:0 9px 0 0;margin:0 0px 0 0;} .domestic a{padding:0 0 0 17px;background:url(http://newsimg.bbc.co.uk/ifh/img/icons/radio_but_on.gif) no-repeat 0 -2px;} .int a{padding:0 0 0 17px;background:url(http://newsimg.bbc.co.uk/ifh/img/icons/radio_but_off.gif) no-repeat 0 -2px;} .domestic a:hover{background:url(http://newsimg.bbc.co.uk/ifh/img/icons/radio_but_on.gif) no-repeat 0 -2px;} .int a:hover{background:url(http://newsimg.bbc.co.uk/ifh/img/icons/radio_but_on.gif) greetingcards no-repeat 0 -2px;} .extraLink {padding:10px 0 0 0;} UK version International version News Front Page World UK England Northern Ireland Scotland Wales Business Market Data Your Money E-Commerce Economy Companies Politics Health Education Science/Nature Technology Entertainment ----------------- greetingcards Have Your Say Magazine In Pictures Week at a Glance Country Profiles In Depth Programmes BBC Sport BBC Weather CBBC News On This Day Newswatch Last Updated: Tuesday, 3 June, 2003, 15:25 GMT 16:25 UK E-mail this to a friend Printable version Hewitt unveils 'fat cat' pay strategy Trade secretary Patricia Hewitt has published long-awaited proposals aimed at curbing big pay-offs for directors who quit failing companies. |
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