Written by j.w.
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Topics: Economy

Tuesday, 22 November 2011

image for Top Executives Pay Shock
Parliament to deal with income disparity

The Coalition is ready to act on the huge pay increases provided for top executives.

Vince Cable announced that new measures were in the pipeline to deal with 'this outrage'.

However, a delay in formulating legislation to proceed with the matter has come to light. A Public Inquiry is needed first and Judge Riht-Fart has been appointed to assess all the evidence.

The Inquiry is due to report 'sometime in the next decade if possible' but with so many people giving evidence this seems an optimistic timetable.

Riht-Fart will receive several million pounds for his work on the enquiry and he has yet to assemble his team of expert advisors.

'It is no use dealing with this problem too quickly' he assured the editor of the 'Financial Times' in an exclusive interview. 'I have seen real poverty in my job and I've punished them accordingly and I know twenty years is a reasonable time to deal with these complex matters.'

Geoff Cart, speaking on behalf of the Occupy St Pauls campaign, said the Inquiry was 'long overdue' and he would continue with his protest until Judge Riht-Fart had delivered his verdict.

Meanwhile, 'Top Executives', speaking on behalf of the belaboured group have said they will be helping the inquiry 'but delay might be increased' by the complex case they are to present.

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