It is now widely recognised that there has been an exceptional increase in executive pay over the past 30 years. But recent academic research asked executives: is it right and fair that some people earn disproportionately more than others?
That pay has grown is clear from the evidence. In 2015, the median total remuneration of FTSE 100 chief executives in Britain was around £4m. Adjusted for inflation, this is three times the average amount a chief executive was paid in 2000.
Over the same time period the median earnings of other employees of FTSE 100 companies, which stood at £45,173 in 2015, increased by only 1.4 times in real terms.
Complaints about pay levels from investors and politicians make headlines nearly every day. However, hardly anyone asks executives what they think.
We wanted participants to imagine themselves in a world where their current
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