Tag Archives: executive

New French president to limit CEO pay at state owned businesses

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François Hollande’s 75% tax rate is still going to struggle due to the ease of moving out of France (or any country besides the US) but bringing a dose of fairness is going to be much easier. There will be plenty of complainers who will suggest how difficult it will be to attract top talent but there is even more evidence that shows paying top dollar (or euro) does nothing to attract top talent.

For years we have seen one company after another bump up pay to attract the next Steve Jobs or whatever other CEO of the day is being described as the greatest leader ever. The reality is there was only one Steve Jobs. The others command superstar pay but more often than not, they under-deliver. (We only need to look at Bankia as one recent example.) They’re always billed as the leader who will take the business to the next level, but the only thing going to the next level will be the executive pay.

Since Hollande is a Socialist, this change will no doubt trigger a storm of criticism and howling from the so-called free market “capitalists.” As in the same free market capitalists who all thought it was important to bail out the lifestyles of the bankers and keep the quantitative easing policies that have been all about free money for bankers to gamble. There hasn’t been anything close to a free market or raw capitalism for years so spare me any arguments about socialism. We’ve had it and it has been socialism for the 1%.

If we are ever going to bring some balance back to society, we’re going to need a lot more action like this. We’ve tried excessive CEO pay and it simply does not provide an acceptable ROI. More on fat cat pay from The Guardian:

Read more » America Blog
http://americablog.com/2012/05/new-french-president-to-limit-ceo-pay-at-state-owned-businesses.html

Switzerland limits CEOs one month pay

A Proposal To Limit Swiss Executive Pay To 12 Times That Of Low-Paid Employees Has Fat Cats Worried

By Adam Taylor

On Nov. 24, Swiss voters will go to the polls to vote on a radical new idea — limiting the monthly pay of the highest earners in Swiss firms to no greater than the yearly pay of the lowest earners. It’s being called the 1:12 Initiative — and it sure has some people worried.

To understand the context of the vote, you need to know two things about Switzerland. First, the country has a relatively unique system of direct democracy — if 100,000 people sign a proposed change to the constitution, or “popular initiatives,” a referendum is held. If a majority of voters and cantons (Swiss states) agree with the proposal, the change can become law.

The second factor is how these Swiss initiatives have been used recently. Earlier this year Swiss voters agreed to an idea proposed by entrepreneur Thomas Minder that limited executive (in his words, “fat cat”) salaries of companies listed on the Swiss stock market. On the other end of the spectrum, a proposal to give every Swiss adult an unconditional income of $2,800 a month recently gained enough signatures to be voted on.

The 1:12 Initiative lies somewhere between these two extremes in terms of its radical ambition, but its core idea comes from the same place — an angst in Switzerland, a country most famous for centuries of private banking, that executive pay and income inequality are out of control.

To understand the thought process, Business Insider called David Roth, the leader of the youth wing of Swiss party the Social Democrats, and one of the architects of the plan. Roth explained that high executive salaries only became a big issue in 2002 or so, and by 2006/7 they became a public issue. The preparation for the 1:12 Initiative began in 2009.

Continue reading Switzerland limits CEOs one month pay

ISI has taken over GHQ – By Najam Sethi

The army was constitutionally mandated to be an arm of the Pakistan state with elected civilians in control of the executive. But it has seized the commanding heights and subordinated the other organs of the state to its own unaccountable purposes.

In recent times, however, something even more sinister has been happening. This is the creeping growth of the ISI from a small arms-length intelligence directorate or department of the military (Inter Services Intelligence Directorate) in the initial decades of independent Pakistan to an omnipotent and invisible “deep state within the state” that now controls both military strategy and civilian policy.

General Pervez Musharraf’s unprecedented appointment of General Ashfaq Kayani, a former DG-ISI, as COAS was the first step in this direction. The second was General Kayani’s own decision to routinely rotate senior and serving ISI officers to positions of command and control in the army and vice-versa, coupled with his insistence on handpicking the DGISI and extending his service. Together, these decisions reflect a harsh new reality. The ISI has walked into GHQ and seized command and control of the armed forces.

This is a deeply troubling development because it violates the established norm-policy of all militaries in democratic societies – intelligence services must consciously be kept at arms length from GHQ because “field commanders must not get contaminated” or tainted by cloak and dagger operations in grey zones. That is why COAS Gen Zia ul Haq kicked Gen Akhtar Abdul Rehman, DGISI, upstairs to CJOSC rather than give him troops to command. That is why COAS Gen Asif Nawaz sidelined DGISI Gen Asad Durrani as IG Training and Evaluation. That is why COAS Gen Waheed Kakar prematurely retired Gen Durrani from service for playing politics in GHQ and then recommended Gen Jehangir Karamat as his successor rather than his close confidante and former DGISI Gen Javed Ashraf Qazi. Indeed, that is why the CIA, RAW, MI6, KGB, MOSSAD etc remain under full civilian operations and control even though soldiers may be seconded to them or head them occasionally.

The ISI’s meteoric rise in the 1980s is well documented. It became the official conduit for tens of billions of dollars of arms and slush funds from the US and Saudi Arabia to the Mujahideen against the Soviets in Afghanistan. Three serving generals of the time were billed as “the richest and most powerful generals in the world” by Time magazine in 1986. Two of them, Gen Akhtar Abdul Rehman and Gen Hameed Gul were in turn DGs-ISI while the third, General Fazle Haq, was the Peshawar gatekeeper to Afghanistan.

Three Prime Ministers have fallen victim to the ISI. PM Junejo ran afoul of DGs ISI Gen Hameed Gul and Gen Akhtar Abdul Rehman over the Ojhri Camp disaster. Benazir Bhutto was undermined by DGs ISI Gen Gul and General Asad Durrani. And Nawaz Sharif by DG ISI Gen Javed Ashraf Qazi and COAS Gen Waheed Kakar. Indeed, Mr Sharif might have survived in 1999 if Gen Musharraf had not earlier cunningly moved Gen Mohammad Aziz from the ISI to GHQ as CGS because it was the latter who nudged Corps Commander Pindi Gen Mahmood Ahmed to execute the coup in the absence of Gen Musharraf.

The ISI’s creeping coup – ISI officers returning to command positions in the army – against GHQ is fraught with problems. It has eroded the credibility and capacity of both the current DG ISI and COAS within the military and civil society. The ISI’s spectacular failures (BB’s assassination, Mumbai, Raymond Davis case, missing persons, Memogate, Mehrangate, Abbotabad, Saleem Shehzad, Get-Zardari, etc) can all be laid at GHQ’s door just as the ISI’s anti-terrorist policy failures are responsible for the loss of over 3000 soldiers to the Pakistan Taliban and the terrorist attacks on GHQ and Mehran Navy Base. The fact that both the COAS and DG ISI have taken extensions in service has also undermined their credibility far and wide.

Continue reading ISI has taken over GHQ – By Najam Sethi

Intrusion in executive’s domain? Pakistan Supreme Court asks govt to say in writing it will not fire Army & ISI chiefs!?

Govt has no intention of sacking Kayani, Pasha: AG

ISLAMABAD: During the hearing of a petition filed against a possible removal of Chief of Army Staff (COAS) General Ashfaq Pervez Kayani and Director General Inter-Services Intelligence (ISI) Lt-Gen Ahmad Shuja Pasha, the government clarified that it had no intention of sacking the said officials, DawnNews reported.

Attorney General Maulvi Anwarul Haq told the Supreme Court bench hearing the petition that the government had no plans to take such an action.

On the attorney general’s explanation, Chief Justice Iftikhar Mohammad Chaudhry directed him to file a written reply after taking orders on the issue from the government. ….

Read more » DAWN.COM

Memogate: an attempt to thwart democracy, and threatening the representative system is an attack on sovereignty of the people of Pakistan

Civil Society of Pakistan’s stand on So-called Memogate

Civil society terms memogate scandal an attempt to thwart democracy; Says threatening the representative system tantamount to attack on sovereignty of people.

Karachi, Sindh – 17 December 2011: We, the representatives of the Civil Society including non governmental organisations, labour organisations, academia, women’s rights bodies, and media persons express deep concern over the current political situation in the country where a crisis is being manufactured on frivolous grounds, and is being referred as the so-called Memogate. This has the potential of subverting democratically elected Parliament and the Constitution.

It is time all conspirators against democracy and the sovereignty of the people be called to account. Sovereignty belongs to the people who have agreed to exercise it through their representatives in a federal, parliamentary, and a democratic system. Any attempt at arbitrarily altering this arrangement is tantamount to an attack on the sovereignty of the people. Various institutions of the state are supposed to function within their defined constitutional parameters and complement each other but they seem to be working at cross-purposes, to the determent of public interest.

We emphasise that the role of political parties and political leaders is to represent their constituents’ interests and arrive at negotiated agreements to differences in agreed political forums.

The role of state’s security organizations is to serve the people through stipulated constitutional arrangements, under the command of the executive, and not to define what is or is not in the national interest.

The role of the judiciary is to protect the rights of the citizens from arbitrary abuse of executive power, and not to itself become a source of arbitrary executive power.

The role of the mass media is to help citizens hold powerful interests groups within and outside the state to promote their legitimate interests and hold violators of rights accountable, and not to itself act as an unaccountable interest group.

In our opinion, parliament is the appropriate forum to discuss and investigate this issue and come up with findings.

We believe that any attack on the sovereignty of the people will be unjust. It will necessarily lead to conflict and must be resisted.

We appeal to the people of Pakistan to stand united and firm in support of democracy and to resist all attempts aimed at its subversion. The people of Pakistan have made great many sacrifices for the cause of democracy and they should not let any vested interests trample their right to have a democratic and an elected representative system run the country.

Continue reading Memogate: an attempt to thwart democracy, and threatening the representative system is an attack on sovereignty of the people of Pakistan

Defend Occupy Toronto from Eviction!

ALL OUT TO DEFEND OCCUPY TORONTO! NO POLICE VIOLENCE! STOP THE EVICTIONS!

The Toronto Police have served eviction notices to Occupy Toronto protesters at St. James Park (Jarvis St. and King St.), ordering them to vacate the park between 12 midnight tonight and 5 a.m. tomorrow and threatening to remove them. Removal in the wee hours of the night means the police want to act without witnesses, increasing the threat of violence against peaceful protestors at Occupy Toronto.

The message of the Occupy Toronto protesters, representing the views of the majority of people in Canada, is a sharp critique of the inequalities, suffering and corruption of the capitalist system and advocates a more just society.

The camp is an expression of the right to free assembly and free speech.

We call on all those who care for democracy, civil rights, and the right to dissent, to go to the Occupy Toronto site at St. James park (Jarvis and King) and to stand in solidarity with the camp and its ideals, and to prevent a government attack on peaceful protesters.

The OFL is mobilizing a mass picket, linking arms around the site, at 11 pm tonight. President Sid Ryan notes that in London last night, the cops waited until supporters went home and then moved against the Occupy site around 1 am.

Comrades and friends should start going to the park whenever they can, and those who can, should also go to the 11 pm rally ..

If you cannot go to the site, phone your city councillor and the Mayor to demand they stop the eviction, and stop security officials from forcibly removing peaceful protestors from the site. Call your MP and MPP, call the talk shows, make your voice heard.

CP24 is running a poll asking the public if they support the eviction or not. Go to http://www.cp24.com to vote.

Unity and Solidarity Can Win!

Toronto Committee and Provincial Executive, Communist Party of Canada (Ontario)

Judiciary vs the executive in Pakistan and the US

by Dr Manzur Ejaz

In Pakistan, like the US, the judiciary was always considered subservient to the governments whether headed by the civilians or by the military. No one, before Chief Justice Chaudhry, had the guts to stand up to a head of the state

Contrary to slogan of PPP leaders and many others, Pakistan’s judiciary is acting very prudently as it carefully makes its steps in the continuously evolving situation. The Supreme Court of Pakistan headed by Chief Justice Iftikhar Muhammad Chaudhry, seems to understand the evolutionary process that Pakistan is going through. As a matter of fact, the judiciary is mindful of the way the judicial power has been invoked by courts in the US and Europe throughout the 19th century. Therefore, at the end of the day, Pakistan’s judiciary will have the last laugh if it sticks to the path it has taken. ….

Read more →Wichaar

May God Save Pakistan from these political Judges and Their Judgments

View the current political situation in Pakistan and the judgments of Apex court in the light of the Sharif borther’s stance because the judges are influenced by Raiwind. The CJP should now just move next door, the PM House. Since he wants to decide everything, starting from commodity prices to appointments at important positions, the PM House is a more logical place for him. Judges are being paid by public exchequers, if such functions are being done by the judiciary then what is the need and use of Parliament and Executive.

Many observers, once again are foreseeing the “Judicial Murder” of PPP. All roads are leading to Raiwind and Takht-e-Lahore. Mr. Najam Sethi, a brilliant intellectual has revealed all faces and forces of darkness right from the murder of Liaquat Ali Khan upto the murder of Shaheed Bibi. Many believe that something big Bang is on its way. Keep it up conspirators the war of power, dirty games, and sinister schemes! History will judge all of them because history is the final judge.

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Courtesy: Rawal TV (Current Affairs with Arshad Bhatti, 11th March 2011, Guest: Latafat Siddiqui)

via – Siasat.pk You Tube

ENEMIES OF DEMOCRACY INVITING ARMY & JUDICIARY TO PLAY UNCONSTITUTIONAL ROLE AGAINST ELECTED DEMOCRATIC GOVT.

N’ reaffirms judiciary, army proposal

ISLAMABAD: The Pakistan Muslim League-Nawaz (N) on Wednesday said it considered the army and the judiciary major stakeholders in the country’s national affairs as it justified Punjab Chief Minister Shahbaz Sharif’s controversial call for inviting representatives of the two institutions at a proposed all-party conference to prepare a broad-based national agenda to steer the country out of crisis.

“Since the country’s constitution has assigned roles to both the judiciary and the army, besides the executive, the call for inviting the army chief and the chief justice for consultation on national issues is not something extra-constitutional,” PML-N spokesman Ahsan Iqbal told a joint news conference with the party’s former information secretary, Siddiqul Farooque, and MNA Dr Tariq Fazal Chaudhry at the party’s central secretariat here.

The PML-N leaders announced that if the government did not stop recruitment in state-owned corporations on ‘political grounds’, their party’s parliamentarians would ‘gherao’ (besiege) these institutions.

The Punjab chief minister told journalists after inaugurating a three-day polio campaign in Lahore on Monday that the deteriorating situation in the country demanded that all stakeholders, including the political leadership, army and the judiciary, sat together and discussed the challenges facing the country.

He also said he had already contacted Prime Minister Yousuf Raza Gilani “on the advice of (party chief) Nawaz Sharif to suggest to him to sit together with the army and the judiciary and discuss a strategy to steer the country out of the current situation”.

Wednesday’s news conference seemed aimed at countering criticism of Mr Sharif’s statement from the federally ruling Pakistan People’s Party and various sections of society and media, with some political observers terming the call as an open invitation to the army for a direct intervention in the country’s political matters.

Read more : DAWN

President pardons Nawaz Sharif

President pardons Nawaz; entire Sharif family exiled

– Nasir Malick and Faraz Hashmi

ISLAMABAD, Dec 9: President Rafiq Tarar has pardoned former prime minister Nawaz Sharif’s 25-year jail sentence but exiled the former prime minister and his family, a government announcement said in the wee hours of Sunday.

“On the advice of the chief executive, the president of Pakistan, according to law has pardoned Nawaz Sharif’s remaining jail sentence while the rest of the punishment awarded by the honourable courts, which includes fine, forfeiture of property and disqualification from public office would remain in place,” the announcement said.

“Nawaz Sharif and family have been exiled to Saudi Arabia. This decision has been taken in the best interest of the country and the people of Pakistan,” it said.

The former prime minister was awarded 14 years’ imprisonment on corruption charges, fined Rs20 million and disqualified from contesting election for 21 years. Mr Sharif, who was removed by the army in a bloodless coup, was sentenced to life imprisonment on charges of hijacking the plane in which General Pervez Musharraf was travelling. He had appealed in the high court, which had rejected the plea. He was fined Rs500,000 and forfeiture of property worth Rs500 million. ….

Read more : DAWN

War between Judiciary & Executive in Pakistan

Call for end to bickering among institutions
HYDERABAD, Oct 20: Judiciary and Executive are two important pillars of a democratic society and the present split between the two is apt to creating disastrous situation for the state, if not checked early.
This and other similar concerns were expressed by the Sindh Democratic Forum over boiling political state of affairs ruling the country. The SDF, in a statement, criticized the national institutions of not resolving the basic issues of general public like growing inflation, increasing poverty, lawlessness, daily killings, unemployment, electricity problem and other allied issues instead were busy in bickering with each other over petty matters.
People had endured enough and now they want peace for which cooperation among national institutions was a prerequisite, it further stated.
Commenting over the midnight drama between the judiciary and the executive, it stated that perhaps it was for the first time in contemporary judicial history that a full bench was called on a rumour which has damaged the sanctity of justice.
The democratic-minded people feel the elected parliament a supreme body and because the 18th Amendment was passed by the representative of 16 parliamentary parties, therefore there appears no supra body which can challenge parliament’s decisions, said the SDF.
The coverage of court proceedings, judges’ statements, conservative comments by media and support of right wing political parties is portraying as if judiciary was being influenced by armed forces and they were trying to disband the present democratic setup, it further said.
The SDF appealed to superior judiciary to protect the cause of justice and avoid creating the impression as if it were against the elected parliament and democracy.
Judiciary being an important pillar of state and custodian of justice should give a shut up call to irresponsible statements of media, besides taking suo-motu notice against such utterances, it said.
Read more : DAWN

Judiciary is not non-partisan, it tilts towards Muslim league (PML-N) – says Fauzia Wahab; Chief Justice has characteristics of military generals – says Abbas Athar

The language of talk show is urdu/ Hindi.

Courtesy: – Express TV – Front Line (Kamran Shahid, Abbas Athar, Fauzia Wahab, Kazi Anwar)

Via- ZemTv, – You Tube- Link

Developing a proper method of accountability- Watchdogs on the judiciary, parliament, executive, police, or for that matter

Issues to consider

–  Aqil Sajjad

I’m listing down some political issues that we should consider taking up now that the deposed judges have been restored. Each one of these issues is very important, and we need someone to take it up.

1. Judiciary and police reforms:

..Developing a proper method of accountability for the judges because the existing SJC structure is flawed. – Reforming the lower judiciary. – Police reforms

2. Devolution:

This is very important because devolution has the potential to open up opportunities for ordinary citizens to enter electoral politics. Union councils are small, and you can contest elections even if you are not filthy rich. Once you have been a union councilor, you can gradually go on to contest elections for bigger constituencies and move up in politics.

Things to do: convince the media to have more constructive discussions on devolution, and promote the idea to the people at large, so that it becomes increasingly difficult for any government to roll it back.

3. Intra-party democracy:

This requires engaging with the media and political party workers at the grass roots to highlight this issue.

4. Demanding live debates on local radio:

Due to the wider reach of radio, and considering the fact that TV channels can generally only talk about national issues, there is a real need for local city/district radio stations to come up and hold live debates on local issues. During elections, the election commission should even arrange for regular structured debates at the local level for all constituencies.

We need to highlight this issue and press the govt to remove unnecessary restrictions and giving live debates proper air time on govt-owned local radio stations.

5. Corruption:

Highlighting the need for a constitutionally independent NAB, which can investigate and prosecute corruption cases against anyone including those in power without political interference.

6. Provincial autonomy:

A first step should be to make an attempt to understand what people outside Isb, Lhr and Khi think and want…

7. Constitution revue:

Understanding our constitution, and then determining whether it really serves our needs even if it’s restored to the original 1973 form. Then figuring out the kind of amendments that are needed for the genuine empowerment of the people. Some of the earlier points related to judiciary reforms, devolution, NAB and provincial autonomy would automatically be a part of such an effort, but here the goal would be to have a comprehensive review of the constitution rather than a single issue focus.

8. A political party Watchdog:

Looking at things like

a. The extent of intra-party democracy. This should include how party tickets are awarded.

b. Whether the parties have proper think-tanks for policy formulation.

c. Whether the parties have competent people and intra-party mechanisms for bringing such people forward.

d. whether there are any intra-party mechanisms for accountability, how many members of the parties have criminal or corruption cases etc.

e. How many of the MNAs and MPAs elected on party tickets are lotas with a history of switching loyalties.

9. Media watch:

This can include things like

a. keeping an eye on the political connections of newspaper and TV channel owners, and making knowledge of such connections well known to the public;

b. keeping track of whether journalists are consistent in applying the same principle. Example: if someone said that Iftikhar Ch should be restored when he was first removed by Musharraf, then did they continue to propagate the same position when the PPP came into power or did they suddenly do a ‘lota’ on this?

c. rating various talk-shows on the diversity of guests they invite, so that our national discourse does not remain monopolized by a very small group of people.

d. Pointing out instances of yellow journalism.

10. Other watchdogs:

Watchdogs on the judiciary, parliament, executive, police, NAB, or for that matter, any regulatory authority, like PEMRA or SECP.

March 28, 2009