Discretionary Share Option Schemes in the Privatised Utilities

Part of New clause 1 – in the House of Commons at 6:30 pm on 3rd April 1995.

Alert me about debates like this

Photo of Mr David Shaw Mr David Shaw , Dover 6:30 pm, 3rd April 1995

My right hon. Friend will have noticed that I tabled an amendment to the new clause. Why does he think that the Opposition are moving this new clause, which hits home at the directors and executives in the privatised utilities, but ignores other directors, especially those in the broadcasting industry, such as the directors of London Weekend Television who had lavish pay-outs on their share options and then donated a large part of them to the Labour leader's leadership campaign? Is there some preference between the Labour leader's election campaign and the fact that executives may be benefiting by helping the nation?