Summary
A survey by the High Pay Centre found that 55% of respondents support capping CEO pay to maintain a fair balance between workers and bosses.
The thinktank also recommends giving workers the right to vote on company boards and increasing transparency about top pay.
The UK government is under pressure to address income inequality, which has grown by 1.3% in 2022, with the poorest 20% experiencing a 3.4% reduction in disposable income while the richest 20% saw a 3.3% increase.
The trouble is, people like my MD has an accountant, and accountants are really good at showing rich people how to save money. So my MD takes essentially no salary.
But he does take home in excess of £300k a year in dividends. As does his wife, who hasn’t worked for the firm for six years, but is still a director.
Then he gripes about pay rises for the 120 people who work for him.