Cable: 'Force Firms To Justify Fat Cat Salaries' 0 Comments8:14am UK, Monday September 19, 2011 Firms should be forced to justify huge amounts of cash paid to top executives, Business Secretary Vince Cable will say. Mr Cable will tell Liberal Democrat party members it is time to stop "payouts for failure", and that a four-fold increase in FTSE100 chief executive pay since 1998 proves the system of remuneration has become "dysfunctional". He will use his keynote speech to the party conference to lay out plans to require companies to set out the criteria used to determine pay and bonuses. The MP will also propose measures such as letting workers have a say on who is paid what, by putting them on remuneration committees. In his speech, Mr Cable will hit out at "appalling inequalities of income and wealth". The MP will say there is "nothing wrong with generous rewards" for successful businessmen, but he will add: "People accept capitalism but they want responsible capitalism. I want to call time on payouts for failure." It is clear that the Lib Damps dont like successful people/companies, reading the above its more atune to the communist party, most people get wealthy through hard work, higher risk, and put the effort in, where as most poor would rather watch soaps than going to night school, sit and moan about the govt than going part time to college to improve their lives and not being a burden on the rest of us.