Socialist Worker

Performance unrelated pay

Issue No. 2297

Top bosses’ pay is rocketing because nearly half of those on firms’ pay committees are either current or former bosses.

That’s according to a new report by the High Pay Centre.

It says that highly paid current and former bosses have a personal interest in seeing pay rise. More than 46 percent of people on the pay committees are or have been top executives.

A FTSE 100 boss now earns an average of £4.2 million, according to figures from Incomes Data Services.


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News
Tue 3 Apr 2012, 18:39 BST
Issue No. 2297
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