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Business Groups Silent on Executive Pay as Calls for Wage Restraint Increase

  • 📰 GuardianAus
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Business,Wage Restraint,Executive Pay

As business groups increase calls for wage restraint for Australia’s lowest paid workers, their voices turn largely silent when asked about their own executive pay plans. Average pay of top bosses has increased from 17 times average earnings in early 90s to about 55 times now. CBA boss Matt Comyn, Australian Industry Group chief executive Innes Willox and the Australian Chamber of Commerce and Industry’s Andrew McKellar were among those who were approached for their position on pay rates.

As business groups increase calls for wage restraint for Australia’s lowest paid workers, their voices turn largely silent when asked about their own executive pay plans. Average pay of top bosses has increased from 17 times average earnings in early 90s to about 55 times now.

CBA boss Matt Comyn, Australian Industry Group chief executive Innes Willox and the Australian Chamber of Commerce and Industry’s Andrew McKellar were among those who were approached for their position on pay rates.

 

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