TUC targets ‘fat cat’ pay packages

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.

Sign up to our weekly round-up of HR news and guidance

Receive the Personnel Today Direct e-newsletter every Wednesday

Email(Required)

OptOut

From time to time, we will send you emails about selected products, events and services from Personnel Today and OHW+ - but you can choose to opt-out at any time. If you do not wish to receive these emails, please tick this box.

Phone

This field is for validation purposes and should be left unchanged.

Δ

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