Monday, September 14, 2009

Corporate executives salaries increase 10%

The Guardian conducted a survey of executives' salaries and said that for the last year, their salaries on average increased by 10%.
This is more than three times the 3.1% average pay rise for ordinary workers in the private sector. The big rise in executives' basic pay – more than double the rate of inflation last year – came as many of their companies were imposing pay freezes on staff and starting huge redundancy programs to slash costs.
So there you go: cut on the poorer but increase salaries for the richest.

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