U.K.'s next prime minister: I'll tackle executive pay
Britain's next prime minister is promising to get tough on "irresponsible" big business, and ease up on austerity.
Theresa May, who will succeed David Cameron as U.K. leader on Wednesday, says last month's vote to leave the European Union was also a demand for an economy that doesn't just work for the 1%.
"We need to make sure our economy works for everyone, because it is apparent to anybody who is in touch with the real world that people do not feel it works that way at all," she said in a speech Monday.
May said she would give workers and consumers, as well as shareholders, representation on the boards of big companies. And annual shareholder votes on executive pay at big companies would be binding, not just advisory.
"There is an unhealthy and growing gap between what these companies pay their workers and what they pay their bosses," she said.
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