General Article We must still reward success, says Cridland

Topic Selected: Business
This article is 5 years old. Click here to view the latest articles for this topic.

Politicians are using ‘anti-business rhetoric’ to chime with public frustration at the state of the economy – and large bonuses are justified if they are earned by excellent performance, the CBI Director-General has told the Evening Standard.

John Cridland reinforced his message that rewards should be given only where they are justified ?– comparing high-performing directors to top footballers.

‘The whole football team knows that their performance requires one or two star players, and I think it’s the same with a board of directors,’ he said. ‘That is why some payments will be high but they should only be high if they are for the equivalent of a goalscorer in the Premier League.’

Mr Cridland went on to identify politicians as contributing to the recent negative publicity around business.

He added: ‘The anti-business rhetoric that we saw in the autumn at the three party conferences has increas

Would you like to see the rest of this article and all the other benefits that Issues Online can provide with?

Sign up now for an immediate no obligation FREE TRIAL and view the entire collection