Top executives now paid 50 times average earnings
CWU National  Dec 23 2015
Australia’s top executives are now earning, on average, more than 50 times the average working person’s salary, according to a survey by the Australian Financial Review.

And the gap is growing.   

Over the last financial year, the amount going to the 300 highest execs rose by 5%, despite the ASX 200 only rising by 1.2% over the same period. At the same time, wage growth across the nation as a whole was 2.3%.

Supporters of these huge differences in rewards argue that executive pay is now determined by the global market, not by local wage structures. But that is just another way of saying that growing earnings inequality is now a world-wide problem, not only an Australian one.   

In the US in 2013, for instance, the average executive earned 313 times as much as the average worker, according to the US peak union organisation, the AFL-CIO.

And in the UK chief executives of blue-chip companies enjoyed a median pay rise of 32% last year, compared with a 7% rise in the stock exchange and a 2% increase in workers' pay.

These figures point to a global trend that is seeing not only wages but productive investment (and hence job growth) stagnate while corporations and their executives find new ways to enrich themselves – through share buybacks, share options and generous retirement benefits.   

It is the very same people driving the removal of penalty rates for the lowest income earners.

You can not objectively look at the upper echelon of business and not conclude that they are by and large a bunch of selfish greedy hypercritical grubs

[quote author=Jim_Puddle-Duck link=1450901147/2#2 date=1450901954]It is the very same people driving the removal of penalty rates for the lowest income earners.

You can not objectively look at the upper echelon of business and not conclude that they are by and large a bunch of selfish greedy hypercritical grubs [/quote]

what absolute rot

how many of these super rich executives do you think own a café on the corner?

Quote:



All Longy/Maria lies.

Give up Longy -

get that silly dress & lippy off & put on some decent trousers.

can a man be worth 50 x what another man is worth....??


Of Course , if he is 50 x more valuable.

the wage scale is a ladder
its not a bed...go have a lie down

aquascoot wrote on Dec 24^th, 2015 at 6:43am:


The article clearly shows that these guys achieved less than they cost ?

This is almost always the case, they typically do not achieve value outcomes - ever for the vast majority of them.

Always love the use of "super rich execs".

A one size fits all grouping for the politics of envy!

if Adam Goodes gets a million a year, thats probably 50 x what a player in the VFL gets.

no complaints here.

the market is the market is the market.

its the only game in town.

improve improve improve.

find one of these executives, save up and take him out for a 500 dollar meal and ask him how he did it.