ECONOMICS: Sky’s the limit with CEO pay increases*

The average Australian CEO now earns more in a week than the average Australian worker earns in a year, according to a new study.Obscene salaries and pay-outs pocketed by the chief executive officers of the 51 member companies of the Business Council of Australia make a mockery of the Federal Government’s call for workplace reform and wage restraint.As these same CEOs trumpet, in the name of international competitiveness, the need for wage restraint to maintain low inflation and interest rates, …

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