Author: Aeron Davis, David Offenbach, Richard Stevens & Nick Grant
Date:04 July 2013
For the last three decades annual percentage rises in executive pay for
large FTSE companies in the UK have grown at a rate far outstripping
those of both company growth and productivity rates while at the same
time real wages have fallen for the majority of low and middle income
earners. One driver of this trend is that financial activity including takeover
activity, has become increasingly short-termist in nature.