Top FTSE bosses moolah by 5pm tonight ?

In America, according to the article I posted “At most major corporations, typical workers still have to labor over three centuries to make as much as their CEO makes in a year”. Some of the stats it quoted are eye watering.

No growstuff Boris has no intention of introducing any form of capping (or anything else of substantial weight)

3 CENTURIES?? Jeez.

Sorry but people like Alan Sugar who started with nothing, worked his socks off, pays his taxes in the UK, why should he have his wages “capped”?

However, there are plenty of them who didn't start with nothing.

So what do you do growstuff who is going to decide who is worthy of their salary.

It should be left to market forces, some earn more than others, not all were born with the proverbial silver spoon in their mouths.

Start capping salaries and the bright and able will move to countries were there are no salary caps.

Other options other than capping salaries are available.

Like what Sirchenjin

Well maybe if a company is doing SO well to be able to pay these eye-watering salaries (sometimes, unlike Alan Sugar, a CEO of say a utilities company) then some of that wealth could trickle down (morally right?) to the worker bees who help generate that wealth.

If I were as rich as AS I’d like to think my workers were handsomely remunerated. Then everybody is happy and the workers, once they know that, work happy!

A few suggestions already on here.

What would you do to reduce wage inequality and improve social justice.

More companies along the lines of John Lewis/Waitrose, quite a lot of the big Companies give workers annual bonuses and incentive payments.

Bring the lower wages up, deal with the “rogue” bosses like the guy that has bought House of Frazer (I think he is Mr.Sports Direct?)

Bring unions back to represent workers again. But sensibly this time. No more ‘Red Robbo’ types. Even amongst workers there’s a culture of ‘I’m alright Jack so you can sling it’.

And put a worker Or two (who know their stuff) on the board of directors.

What you you do Sjc?

GrannyGravy Many other successful countries don't have the huge salary gaps which exist in the UK and the US. The country would survive very nicely without CEOs paid an exorbitant amount. The individuals at the top don't really matter. Let them go and find the quality of life they enjoy here elsewhere.

I agree with you about unions Urmstongran.

I explained before MaizieD needs must - my vote was Brexit driven. I like Boris and truly hope he won’t let us down. He’s on probation though other than that as far as I’m concerned.

growstuff we seem to share some common ground these days!
?

The only way to encourage more companies like John Lewis is through taxation, giving incentives for staff benefits and training, etc.

Urmstongran You might be surprised.

Agree growstuff

Raising the minimum wage level substantially - especially for the top FTSEs - would also help.

Word gets around as well. For instance I know someone who chose to work on a till at Aldi as the pay, T&C are superior to what was on offer at Sainsbury’s.

Wages relevant to profits is an idea?

Wages of all staff in the company though, please - and not a sliding scale according to salary level.

Yes, team work from bar staff, cleaners, kitchen staff (in a pub chain for example). If workers are incentivised it does make a difference. Years ago when it was Boots (Not Walmart as it is now) I worked in one of their main HQ offices. I used to love getting a percentage of the profits in my pay cheque once a year!

Cap top executive salaries and they will just b*gg@# off to another country where they can trouser squillions, whether they “earn” it or not. I won’t hold my breath waiting for shareholders to develop a social conscience, particularly the big institutional investors. The public sector is not much better - employers seem to be caught in headlights and feel they have to pay silly money to get the “best” people, who all to often are anything but.