What the financial crash can teach us about responding to the coronavirus crisis
Bail-outs must come with strings attached, writes the High Pay Centre’s Luke Hildyard.
Bail-outs must come with strings attached, writes the High Pay Centre’s Luke Hildyard.
While new transparency rules are welcome, sky-high pay in city investment firms is costing us all dearly. Until inequality is tackled, we’ll continue to lose out.
‘Bumper’ salaries sky-rocket to an average £5.5 million
Fat Cat Tuesday explodes the myth that we are ‘all in this together’
Workers at ITV have been offered a 2 per cent wage increase. Meanwhile the chief executive last year took home £8.4 million.
Addressing dysfunctional levels of corporate pay is necessary to create the kind of stable society that business needs in order to flourish
And pay inequality is worse this year than last.
Corporations once lobbied politicians to win approval for their pet policies – now it’s the other way round.
The relationship between bonus increases and profit growth is virtually non-existent.
The average pay of a FTSE 100 CEO has rocketed from around £1 million a year in the late 1990s to closer to £5 million today.