Are executive wages fair, or are they too excessive.
I received a notice today as a share holder for voting on whether this chief exec should get the pay deal shown below.
Another incoming CEO, another unreasonable pay packet. This week there’s a revolt brewing over oil and gas giant BG Group, who are looking to pay incoming CEO Helge Lund up to £25 million.
Not only is this seen as high in the industry, it is in violation of the pay policy approved by BG shareholders only six months ago at their AGM. Shareholders are being asked to approve Lund's pay packet at an extraordinary meeting next week.
Our savings give us a say at that meeting: our pension funds are BG Group shareholders, and they can vote no to this excessive pay deal.
Will you tell your pension fund to vote against Lund's pay packet? Click here to email your fund.
Investment managers and Business Secretary Vince Cable have already come out and criticised this pay packet, while industry experts have labelled it "excessive and inflammatory."  Over the past few years, more and more shareholders have been taking a stand against high pay – and supporting calls for companies to pay fair wages instead.
At a time of austerity, when millions are struggling financially, greed at the top through high pay destroys trust and contributes to growing levels of inequality. We have the opportunity, as pension savers, to counterbalance this and use our savings as a force for good in the investment system. So let’s group together and put that to the test.
Our pension funds are big shareholders in BG Group – if enough of them vote no, then it would be enough to reject the pay packet at BG’s meeting next week.
http://action.shareaction.org/page/m/2c ... 7250/VEsH/
My view is whilst some executives work hard, they should only be paid a maximum as a percentage of the lowest paid worker of the company, and never more than three times as much as as the highest paid manual worker. Even the most extreme wage should never be more than the lifetime wages of the lowest paid worker.