Prime Minister Theresa May
THERESA May repeatedly claims that there is no “magic money tree” in justifying pay curbs.
It is obvious that there is a “magic money bush” which can only be accessed by CEOs and other very highly paid executives. Figures from the latest High Pay Centre survey reveal that between 1998 and 2015 average pay of CEOs rose by 300 per cent whilst average pay overall only rose by 12 per cent.
To put it another way, in 1998 the pay ratio of CEO to average earnings was 47 to one and is now 122 to one.
And I thought someone claimed we were all in it together.
Eric Gendle, Middlesbrough
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