A radical diet for fat cats

2005

An interesting idea floated in today's Times newspaper. Could this put an end to Fat Cat scandals?

Some have called for a windfall tax on the oil and banking money machines. Companies have, fairly, said that success should not be dissuaded.

Indeed, it is not the huge profits that people object to, it is the fact that they are aimed so directly at the boardroom. Corporate taxation should be reviewed such that companies are taxed on the ratio of boardroom pay to that of the average employee, and encourage corporates to realise that their success is built on the graft of the worker as well as the vision of the chief executive.

Times Online | Five for the road