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Public Wants Top Bosses' Pay Reduced
realist
post Jan 29 2012, 06:11 AM
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Boardrooms should "wake up" to the gap between sky high executive pay and public opinion, according to a new report.

A survey conducted for the independent monitoring body the High Pay Centre found most people in Britain would like to see executive pay reduced, with many believing top bosses pay is unfair and unjustified.

Only 7% of those questioned thought the chief executive of a FTSE 100 company should earn more than £1m a year, including bonuses and pension contributions.

Just 1% believed Britain's bosses were worth the £4m plus which is now the average for the heads of FTSE 100 companies.

The High Pay Centre's director Deborah Hargreaves said: "Top executive pay and the behaviour of business are issues at the heart of the current public debate about how we rebuild our economy.

"Our polling shows the public do not believe executives, even of the biggest companies, should be awarded multi-million pound pay packages. It is time for boardrooms to wake up to what is fair and act now to rebuild public trust."

http://news.sky.com/home/business/article/16158640?f=rss



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realist
post Jan 29 2012, 06:12 AM
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Some bosses are getting pay rises well into double figures, while the workers are either getting a mere 2 or 3% rise, and in some cases wages are even being frozen.

How can this be right?


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