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Economy
In reply to the discussion: STOCK MARKET WATCH -- Monday, 23 July 2012 [View all]xchrom
(108,903 posts)80. Stock market review calls for end to cash bonuses and short-termism
http://www.guardian.co.uk/business/2012/jul/23/stock-market-review-end-cash-bonuses
A review commissioned by the government of Britain's stock market culture has proposed an end to cash bonuses for executives and the scrapping of quarterly reporting of company results in order to combat "short-termism" in the City.
The report, published on Monday, is the result of a year's work by its author John Kay, a professor at the London School of Economics, and is a central pillar of the business secretary Vince Cable's efforts to reform Britain's financial industry.
The review's aim is to promote sustainable companies and better rights for savers, by restoring "relationships of trust and confidence in the investment chain".
In a trenchant attack on boardroom remuneration, the report The Kay Review of UK Equity Markets and Long-Term Decision Making states that "any bonuses should be paid in shares" and those shares should be held until "significantly beyond the executive's tenure with the company".
A review commissioned by the government of Britain's stock market culture has proposed an end to cash bonuses for executives and the scrapping of quarterly reporting of company results in order to combat "short-termism" in the City.
The report, published on Monday, is the result of a year's work by its author John Kay, a professor at the London School of Economics, and is a central pillar of the business secretary Vince Cable's efforts to reform Britain's financial industry.
The review's aim is to promote sustainable companies and better rights for savers, by restoring "relationships of trust and confidence in the investment chain".
In a trenchant attack on boardroom remuneration, the report The Kay Review of UK Equity Markets and Long-Term Decision Making states that "any bonuses should be paid in shares" and those shares should be held until "significantly beyond the executive's tenure with the company".
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The whole scam is just so massive. It's just mind boggling how complicit the richest criminals have
mother earth
Jul 2012
#9
These 12 Hellholes Are Examples Of What The Rest Of America Will Look Like Soon
Demeter
Jul 2012
#25
How Whole Regions of America Have Been Destroyed in the Name of Quarterly Profits
Demeter
Jul 2012
#50
I know some do not appreciate Taibbi, but who else tells it like it is? Looking forward to "more".
mother earth
Jul 2012
#11
I know, seems like RS & Vanity Fair have stepped up enormously. I love MattT.
mother earth
Jul 2012
#17
Holding Off Armageddon: The Libor Scandal In Full Perspective By Paul Craig Roberts
Demeter
Jul 2012
#8
Exclusive: Prosecutors, regulators close to making Libor arrests (REST THE CASE)
Demeter
Jul 2012
#14
Raining like mad in the markets, too. US Futures looking UG-LEE. Italy down 5%
Roland99
Jul 2012
#40