General Article We must still reward success, says Cridland

Topic Selected: Business
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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 increased since. I don’t think it’s an accident that it has increased as public nervousness at ...

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