Early day motion tabled by primary sponsor John McDonnell (Labour), on Tuesday, 2 February 2010, in the House of Commons. It is signed by 43 members in total.

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MARKS AND SPENCER CHIEF EXECUTIVE'S JOINING FEE

That this House contrasts the recent reports that the incoming Chief Executive of Marks and Spencer is to receive a fee of ??15 million for simply joining the company with the evidence from the Report of the National Equality Panel that people in the poorest tenth of the population have less than ??8,800 in total wealth; and calls on the Board and shareholders of Marks and Spencer to reconsider the morality of the scale of such a pay award when so many people are living in poverty, losing their jobs and struggling to provide for their families on low pay.

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Secondary information

Type

Early day motion

Reference

784 

Session

2009-10

Other sponsors

Elfyn Llwyd

Bob Spink

Lindsay Hoyle

Gordon Prentice

David Drew

Subjects

Companies Pay

Link

View this Early day motion on www.parliament.uk