1. Brexit Vote Shows Need for Reform of Executive Pay, Says Fund Manager

    Brexit Vote Shows Need for Reform of Executive Pay, Says Fund Manager

    The vote to leave the EU has exposed divisions in society that mean reform of executive pay at big companies is urgently required, according to one of the UK’s top fund managers. A senior executive at Hermes Investment Management, which manages £24bn of funds and advises 42 investors holding almost £170bn, said runaway executive pay had probably contributed to the alienation felt by many people in marginalised parts of Britain who voted for Brexit...

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    1. The vote has highlighted deeper fault lines in the global economy. Increasing income inequality over recent decades has fostered populist anger across many economies. A failure to address these challenges raises the risk of these types of political shocks.
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