New polling found that 76 per cent of voters think big businesses has too much power over the government, reports Luke Hildyard.
Tag Archives: high pay
The public are more concerned about inequality than either immigration, cutting taxes or curbing benefits
Strikes, work-related illnesses and staff turnover are more common in organisations with bigger gaps between the highest and lowest earners.
This weekend Swiss voters rejected a referendum proposal to cap pay for top bosses at 12 times the pay of their lowest-paid employees.
Even supposedly ‘self-made’ millionaires rely on taxpayers to support the transport infrastructure, educated workforce and customer base on which their wealth depends.
The pay of FTSE 100 directors grew by 14 per cent in the last year – 20 times faster than that of the average worker.
The annual Manifest/MM&K executive director Total Remuneration survey was released this week, finding that take home pay for the average FTSE 100 CEO was up to £4.3 million in 2012, an increase of 10 per cent on the previous year.
The 100 best-paid chief executives of British companies were paid £4.3 million each on average last year, an increase of 13 per cent on 2011, research has found.
A minimum wage worker would need to work for 380 hours a week to match the annual salary of someone at the 99th percentile, according to research by the Resolution Foundation.