Curb bosses’ pay or risk breakdown of trust in capitalism, MPs warn

Big companies urged to split profits with staff and give workers a say in executive pay

Big companies should split their profits with staff and give employees a say in how chief executives are paid, or risk a complete breakdown of trust in the capitalist system, MPs have said.

A report by the business select committee said a series of “shaming” decisions – including a £75m bonus handed to the boss of housebuilder Persimmon – showed a need for fresh curbs on “executive greed … baked into the remuneration system”.

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