A few days ago, to the surprise of many, the European Parliament voted through substantial curbs on banker pay, limiting bonuses to twice the annual salary (we have yet to see the list of pre-existing loopholes, which we are confident will be wide enough for Arnold's hummer to pass through).
An initiative aimed at “fat-cat” executives has curbed the pay of Swiss company bosses, according to sustainable investment foundation Ethos. But firms are introducing questionable bonuses via the backdoor, the pension fund advisor has complained. Swiss voters approved the Minder initiative in March 2013, giving shareholders greater say over remuneration of company executives and directors. Swiss firms have until the end of 2015 to phase in all of the voters’ wishes, that include binding votes on remuneration packages and an end to certain bonuses.
Bored of all this austerity talk? Then take a load off - talk about fairer taxes for a day instead. That seems to be the thinking behind the Liberal Democrats' tax plans, released today.
The party has a long-established fondness for Robin Hood. When it comes to open commitments to squeeze the rich, they've been in front of Labour since at least 2001.
Milan (AFP) - He may be a Swinging Sixties icon, but British photographer David Bailey up close is a wise-cracking crank who shrugs off his immense success as one of the world's most famous celebrity photographers.
It's not just Wall Street or London's Square Mile where "fat cat" salaries trigger banner headlines and howls of outrage from activists and lawmakers.
In cash-strapped and deeply impoverished Zimbabwe, newspapers have kept their readers riveted for weeks with revelations about managers of state-owned firms pocketing millions of dollars in pay while the economy stagnates.
Some analysts suggest the government may be letting the stories run to distract the public from...