LONDON — According to recent reports, chief executives of top British companies are now paid 81 times more than the average British worker. The pay gap has nearly doubled in the past decade. There is no justification for this trend.
British companies have not been notably more successful or competitive as a result of the huge sums they’ve paid to chief executives. In fact, the British and foreign banks that drove up the derivatives’ market had to be rescued by huge injections of government funds.
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