Well, I'm not sure about that, FWIWI googled it and found Say on Pay, something about Vince Cable proposing binding shareholder votes back in June, and also there was something from ABC news which had the quote 'The board of directors, who determine CEO pay, don't have to listen to the shareholder vote but most of them are listening' which is taking too long to load.
The '£65,000 is really not that much' thing means you're comparing MPs to something - to senior managers, presumably - but why? It's many multiples what a shelf stacker makes, but those people still have to be capable of making decisions; how do we know they'd be significant failures as MPs? Then again, perhaps film stars are a better comparison, and what we really need are extremely rare and charismatic people who can only be attracted by paying millions. On the other hand a three-inch square plank of wood costs £10 and you only have to pay for it once, and it may also do a perfectly fine job as an MP. These possibilities are all untested, and instead we just assume that managers are the correct comparison, based on nothing at all.
Having said that, I think they weren't always paid a salary. Not until 1911, it seems. Those must have been dark days of abysmal leadership.
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Mon 18 Feb 2013, 18:40,
archived)
The '£65,000 is really not that much' thing means you're comparing MPs to something - to senior managers, presumably - but why? It's many multiples what a shelf stacker makes, but those people still have to be capable of making decisions; how do we know they'd be significant failures as MPs? Then again, perhaps film stars are a better comparison, and what we really need are extremely rare and charismatic people who can only be attracted by paying millions. On the other hand a three-inch square plank of wood costs £10 and you only have to pay for it once, and it may also do a perfectly fine job as an MP. These possibilities are all untested, and instead we just assume that managers are the correct comparison, based on nothing at all.
Having said that, I think they weren't always paid a salary. Not until 1911, it seems. Those must have been dark days of abysmal leadership.