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Latest News

TUC targets ‘fat cat’ pay packages

by Personnel Today 22 Jul 2002
by Personnel Today 22 Jul 2002

The
TUC is campaigning against ‘fat cat’ pay packages – targeting an award of
millions of pounds proposed for chiefs at mobile phone company Vodafone.

A
rewards package planned at Vodafone would see chief executive Chris Gent earn
in long-term awards up to seven times his basic salary.

Tom
Powdrill, the TUC’s institutional investment officer, said the TUC plans to
target several other "strategic and symbolic" pay packages.

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The
TUC is calling for Vodafone shareholders to vote against the pay awards at the
company’s annual general meeting on 31 July.

By
Quentin Reade

TUC
Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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