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CEO Survey Reveals Double Standards

MEDIA RELEASE
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.

ENDS

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