17 August 2015

Commenting on data released today (Monday) by the High Pay Centre on escalating executive pay, TUC General Secretary Frances O’Grady said:

“With top bosses now earning 183 times more than the average full-time worker, inequality is reaching stratospheric levels.

“After years of falling living standards it is a disgrace that top execs are taking an even bigger share of the rewards of growth. We need a recovery that works for the many and not just the few.

“Ordinary employees need to be included in workplace pay committees to add some common sense and reality to boardroom pay decisions. They should not be a closed shop for an elite who are only interested in looking after their own.”

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