Union calls for wider scrutiny of public equity bosses' pay and bonuses were rejected yesterday by the chairman of the private equity industry trade body, reports The Guardian.
"It made no sense" to publish the pay-and-shares packages offered to equity partners in private equity businesses, said Wol Kolade, chairman of the British private Equity and Venture Capital Association, in an interview with the Guardian. He said the disclosure of more information about the pay packages of managers appointed to run privately owned businesses may be appropriate, but the partners of private equity firms should be treated in the same way as other shareholders in publicly listed companies who were under no obligation to publish the gains from their investments. FINANCIAL MAR...
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