Bosses could be forced to feel something about their massive salaries

19-09-11

BRITAIN’S bosses could soon be forced to have thoughts and feelings about their enormous amounts of money, it has been announced.

Vince does enjoy a good think

Business secretary Vince Cable said he wants the country’s highest paid executives to pause for a moment before they spend £250,000 on a really big watch.

Cable will tell the Liberal Democrat conference: “People accept capitalism, but they want it to be lovely. They don’t want it to just go around thinking it’s brilliant all the time. They want it to spend about five minutes a day being grateful and unassuming.”

Cable wants an emergency Capitalism with Feelings bill to be introduced in the next parliament, insisting it is vital that millionaires are forced to have shallow, fleeting thoughts about their wealth as soon as possible.

He added: “We can only return to sustainable growth by making sure the most successful people in the country are just a little bit ashamed of themselves.”

Experts also welcomed Cable’s plan to give shareholders the right to limit executive pay, stressing it could not possibly fail when most shares are owned by massive banks and pension funds run by people who get paid huge amounts of money.

Julian Cook, chief economist at Donnelly-McPartlin, said: “It’s always a worry that the economic debate will become hijacked by crowd-pleasing drivel instead of working out how we are going to make and sell the sort of stuff that people actually want to buy.

“But Vince has once again shown that his wonderfully shiny head is bursting with ideas about how to make that happen.

“Everything is going to be just fine.”

 

 

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