Tag: Exec Wages

CEOs at Australia’s biggest companies earn 55 times more than typical worker, report finds | Business | The Guardian

An ASX stock exchange screen behind Sydney at sunset, New South Wales, Australia, Australasia

They get paid according to how much they can reduce labor costs and rake in government subsidies. They employ lobbyists who were once MPs as outside contractors. Is it any wonder they take advice from consultants like PwC, who employ them? American Public Service heads and execs have 80,000 staff and in some cases only earn $250K. How did this systemic corruption of the workplace come about?

Chief executives at Australia’s biggest companies are earning 55 times more than a typical worker, according to the country’s biggest governance adviser.

Source: CEOs at Australia’s biggest companies earn 55 times more than typical worker, report finds | Business | The Guardian