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Huge pay packages damaging reputation of UK companies: Survey

  • The reputation of UK firms is being damaged because of the size of the pay packages offered to top executives, a survey has revealed.

    Over 1,000 business leaders were surveyed in the poll. Fifty-two percent said very high salaries were causing people to lose trust in big firms. 

    Over 50% agreed that pay linked to performance ought to be deferred for around three years.

    In 2011, a report had described the excessive salaries of top executives in the UK as “corrosive”.

     

    Tagged as: UK firms, pay packages, executives, survey, business leaders, UK executives, UK salaries, business news