The Bank of England’s Governor Mark Carney said “Returns in a globalised world are amplifying the rewards of the superstar and, though few of them would be inclined to admit it, the lucky. Now is the time to be famous or fortunate,”
The head of an average large public company earned a record $10.5m (£6.2m) in 2013, up nearly 9 per cent on 2012 and the fourth annual year of rises since the Great Recession. Chief executives now earn about 257 times the average salary – up from 181 times in 2009, the figures showed.
International Monetary Fund’s managing director Christine Lagarde “The industry still prizes short-term profit over long-term prudence, today’s bonus over tomorrow’s relationship.” She argued that rising income inequality was casting a “dark shadow” across the global economy.
The head of an average large public company earned a record $10.5m (£6.2m) in 2013, up nearly 9 per cent on 2012 and the fourth annual year of rises since the Great Recession. Chief executives now earn about 257 times the average salary – up from 181 times in 2009, the figures showed.
International Monetary Fund’s managing director Christine Lagarde “The industry still prizes short-term profit over long-term prudence, today’s bonus over tomorrow’s relationship.” She argued that rising income inequality was casting a “dark shadow” across the global economy.
No comments:
Post a Comment