EU Finance Ministers term excessive executive pay awards “scandalous” ; Germany’s President says global financial markets have become “a monster”
May 15th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
EU Finance Ministers on Wednesday termed excessive pay awards for company executives “scandalous” at a time when ordinary employees are under pressure to accept modest wage deals. In related news, Germany's President says global financial markets have become “a monster” and “must be put back in its place.”