UK Politics

That is very much people earning respect. I would wholeheartedly be praising Bailey for doing anything like this. I get that Bailey is taking a lot of flak for something out of his control. The measures Bailey has at hand will not reduce inflation under the current conditions imo. Many economists are staing this. But he needs to be mindful of regurgitating Tory BS. He has taken the spotlight away from the primary culprits who are sustaining this high inflation, and also putting a target on his back for when they are gone.

Specifically it was Satoru Iwata (the then President & CEO) who halved his own salary (as 'an apology'), to make sure all the current employees had job security, and refused to order layoffs.

He also cut the salary of other Execs by 20-30% (I can't find any info on the reactions from the then board members I imagine a bunch were pissed).