So, David Cameron plans to curb ‘fat cat’ pay with people power? Or rather, when you look into it, he plans to allow shareholders to be able to veto the pay awards of chief executives. I guess, shareholders may include the wishes of ordinary people on low pay, but most shareholder power tends to be where the most shares are held, ie. the people who are higher paid and who have the self-interest of going to get paid the higher pay-awards.
All in all, a fine example of a political announcement designed to look like fairness and change, but which will actually change very little!