McDonnell was the guy waving his little red book in the House of Commons I think. Full of economic fair-play-for-citizens ideology but little grasp of what would be practical, affordable, acceptable to business and the wealthy, most of his plans would not be allowed under the European regime anyway. Hardly electable, but then nor was Boris!
But I agree that exec rewards can be excessive, AHO is laughing. As a boring bank LLOY share issuance to senior staff is not justified by the risks involved nor the returns generated - so much misconduct and write offs for bad loans etc. And anyway I am not so sure staff in any business should have such large performance incentives. Extreme results-driven rewards are what drives mis-selling and other misbehaviours. Commission salesmen become cowboys.
And then you look at the US owned or global financial institutions compared to domestic ones and there is another order of magnitude of rewards and incentives.
So what can you do … nothing much, just try and keep a lid on it. But LLOY have to stop diluting stock at a rate of 0.5-1% pa. I am sure Bowman will remind us what the issuance has been in recent years, it was discussed in an earlier post but this thread now so large I wouldn’t know where to find it.