|“Over-the-top executive pay increases must stop” – Bowles|
|Tuesday, 12 June 2012|
Sharon Bowles MEP, who chairs the European Parliament's Economic and Monetary Affairs Committee, has criticised some FTSE 100 bosses for demanding ‘over the top’ pay increases at a time of austerity.
Despite pay freezes and job cuts across the public and private sectors, executive pay for company directors has continued to rise, with business bosses able to sit on company boards and set each other’s pay.
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