MARKS AND SPENCER CHIEF EXECUTIVE'S JOINING FEE

Early day motion 784, tabled 2 February 2010 by John McDonnell (Labour). Signed by 43 members.

That this House contrasts the recent reports that the incoming Chief Executive of Marks and Spencer is to receive a fee of £15 million for simply joining the company with the evidence from the Report of the National Equality Panel that people in the poorest tenth of the population have less than £8,800 in total wealth; and calls on the Board and shareholders of Marks and Spencer to reconsider the morality of the scale of such a pay award when so many people are living in poverty, losing their jobs and struggling to provide for their families on low pay.

Signatures by party: Labour 30, Liberal Democrat 4, Independent 3, DUP 2, Plaid Cymru 1, Respect 1, Scottish National Party 1, Social Democratic and Labour Party 1.