News Formal

John Walsh: Executive pay bonanzas are becoming harder to justify as inflation hits workers’ pockets | Business Post

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 71%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

In the midst of a cost-of-living crisis, ill-thought-out bonuses which push bosses’ remuneration to sometimes 200 times the median staff salary have the potential to become dangerously political, writes JohnWalsh09.

Albert Manifold, the chief executive of CRH, was paid €13.9 million last year: this was 200 times the median salary in CRH. Picture: Maura Hickey

Christine Lagarde, the president of the European Central Bank , faces many daunting challenges. The ECB will have to increase interest rates to subdue surging inflation across the eurozone, but if it does this too aggressively it runs the risk of stagflation, the economic horror show that zombified many countries in the 1970s whereby the inflation rate is high, the economic growth rate slows, and unemployment remains steadily high.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 8. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Dalton Philips departs daa to become Greencore chief executive | Business PostPhilips will take up his new role at the convenience food giant in September, replacing Patrick Coveney who left at the end of March. conalthomas reports. ConalThomas You would think he'ld have enough cash to get a bigger suit
Källa: businessposthq - 🏆 8. / 71 Läs mer »

Business confidence slumps amid inflation and supply issues | Business PostInstitute of Directors report finds more than half of directors are more pessimistic about the economy than in late 2021. taaffems reports.
Källa: businessposthq - 🏆 8. / 71 Läs mer »