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What the financial crash can teach us about responding to the coronavirus crisis
Bail-outs must come with strings attached, writes the High Pay Centre's Luke Hildyard.
high pay centre
Executive pay is damaging the reputation of business
Addressing dysfunctional levels of corporate pay is necessary to create the kind of stable society that business needs in order to flourish
Fatcat Tuesday: Executive pay has already overtaken your earnings for the entire year
And pay inequality is worse this year than last.
Corporate power has become a governing institution in its own right
Corporations once lobbied politicians to win approval for their pet policies - now it's the other way round.
Pay at the top has become a self-enriching racket
The relationship between bonus increases and profit growth is virtually non-existent.
It’s time for a maximum pay ratio
The average pay of a FTSE 100 CEO has rocketed from around £1 million a year in the late 1990s to closer to £5 million today.