Christians call for 75-1 pay limit
Church Investors Group calls for 'prooper stewardship' in investments
The excessive pay differences between company bosses and their staff have been criticised by the Church Investors Group, a network of Christian investment bodies. But the group has stopped short of calling on investors to ditch their shares.The average payment made to the chief executive officer of a firm in the FTSE 100 is over 100 times higher than the average salary of an employee. In 1970, the figure was around ten times higher.
‘Shareholders have a responsibility to exercise proper stewardship’, declares the group’s report, ‘But often fail to do so’.
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