fat cats in news
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Techies' morale falls in face of low wages and offshoring
News Today's policy on profits for shareholders and fat cats, via saving money, has impacted the home market and helped build the overseas outsourcing market at the UK's expense. Morale is plummeting among IT... [19 Jul 2005]
Gent turns to drugs
News Gent therefore got hammered in the then-fashionable outcry about fat cats, although he had his defenders who pointed out how far he had taken the company. The GSK board has been through two years of... [27 May 2004]
High tech fat cats slammed as 'money for old rope'
News High tech fat cats have come in for fresh criticism as they have once again been lambasted for receiving high wages which are apparently unrelated to the performance of their companies. Over the past... [21 Nov 2003]
mmO2 boss makes £1m as firm loses £10bn
News A company spokesman is reported to have said: "We are all slim kittens, not fat cats.mmO2 reported earnings before financial charges of £859m, up from £433m last year and the operating loss dropped to... [17 Jun 2003]
UK fat cats under fire
News Too many UK executives are receiving remuneration packages that bear little relationship to their performance, a fact that is discrediting capitalism. That's the conclusion of corporate governance watchdog, Pirc. [05 Aug 2002]
Trade Unions take on Vodafone fat cats
News The Trades Union Congress (TUC) has supported calls to vote against Vodafone's headline-grabbing executive bonus programme at the company's AGM later this month. Vodafone's chief executive Sir Chris Gent stands to pocket up to £4m by... [22 Jul 2002]
Telewest fat cats face shareholder revolt
News Telewest paid four executives £690,000 in bonuses last year despite the collapse of the company's share price. During 2001 shares in the troubled cable company fell by around 40 per cent, while pre-tax losses rose by 63 per cent. [10 May 2002]
Vodafone caps execs' pay
News Vodafone is planning to 'restructure' the pay packets of its senior executives in a bid to appease angry shareholders. It has scrapped a pay and bonus scheme which could have seen chief exec Sir Christopher Gent receive share options... [18 Mar 2002]
Gates loses $6bn but remains world's wealthiest Gap-clad plutocrat
News Americans account for 243 places on the billionaire list but accounted for around 70 per cent of those exiting the top tier of fat cats. The world's billionaires got slightly poorer last year as the... [01 Mar 2002]
FTSE fat cats get too many share options
News Investors think FTSE fat cats should go on a diet as concern about directors' share option packages continues to rise. Some investors feel that option packages are being awarded erroneously and according... [30 Nov 2001]
Baltimore rations cream for fat cats
News But today's changes will be seen against a wider background of so-called executive 'fat cats' who are seen to be rewarded by their companies irrespective of failure. Struggling security vendor Baltimore... [30 Oct 2001]
Ex-Marconi fat cats gobble all the cream
News Two former Marconi bosses, who oversaw the collapse of its share price from 978p to just 16.5p, have received pay-offs totalling just under £1m. Lord Simpson, former chief executive of Marconi, has agreed a package valued at £300 000 and... [10 Oct 2001]
Misys investors attack fat cats
News Misys shareholders launched an angry broadside at the software maker's board yesterday over falling revenues and rising executive bonuses. Investors grilled chairman Kevin Lomax on the plunging share price, which has fallen from a high... [04 Oct 2001]
UK fat cats stumble towards obesity
News The rise in total remuneration for FTSE fat cats when bonuses are included is 16.7 per cent - or £781,000 - based on an average bonus package of 40 per cent. The salaries of FTSE 100 chief executives... [21 Aug 2001]
BT investors slam telco's fat cats
News A fifth of all BT shareholders showed their disdain at fat cat bonuses paid to directors by refusing to endorse the company line, a poll has revealed. During last week's AGM, a group of small investors forced the issue... [24 Jul 2001]
