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Directors’ remuneration: One long video January 30, 2010

Posted by Tomboktu in Capitalism, Economics, Ethics, European Union, The Far Right, Workers Rights.

A few months ago, I posted an item entitled Directors’ remuneration: A few long videos with links to a set of videos from a roundtable that the European Commission held last March. Judging by the brevity of commenting (not helped by my failure to follow-up Worldbystorm’s question in the third comment), I guess few people might have watched the videos. I certainly didn’t send encouraging signals when I said of them “I think it is amazing how little attention is given to the the issue of social justice“.

If you had told me before this week’s conference in Davos that a debate at the World Economic Forum would be more — much more — positive from a Left perspective than one organised by the guardians of “Social Europe“, I would not have believed you. However, one of the sessions on Wednesday was on the topic of Rethinking Compensation Models. Speakers — with the exception of Shumeet Banerjii, who sees no problem with the levels of CEO pay — were more engaged with social justice issues, and the trade union speaker, Philip Jennings of UNI Global Union was impressive.

(I loved Jennings’s reply to one of the ‘middle ground’ speakers, who responded to his passion and anger by saying that “raising the temperature does not facilitate getting to the right answers”: “I see it as my job to raise the temperature.” And then he explained why: “What we are seeing is simply unacceptable”.)

No, I wasn’t in Davos for the WEF. I watched on the web this session. It does run to 78 minutes, but much more enlightening and hopeful than the event in Brussels last March.


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