07 April 2004
CEO Survey Reveals Double Standards
The findings of a survey of chief executives’ pay rates reveal a double standard in business leaders’ criticism of the proposed new employment law, Council of Trade Unions president Ross Wilson said today.
The annual Sheffield survey showed a median base salary increase for CEOs of 5.2 per cent last year.
The Labour Cost Index shows that workers in the private sector received less than half that figure, with a 2.1 per cent increase, Ross Wilson said.
“A number of these CEOs are publicly criticising the Employment Relations Law Reform Bill that would improve the ability of workers to bargain for a fair wage increase.
“This is the sort of double standard that workers detest,” Ross Wilson said.