BBC fears transparency will push up salaries; it might,but secrecy just serves to shroud unjust disparitiesThe BBC fought against publishing the salaries of its highest-earning performers because it thought a list would serve to drive up salaries in the media industry. Its worry may be justified. In the wider world of big public companies, transparency and inflation have been co-travellers.
When Imperial Brands, and the cigarette firm,wanted to boost the pay package of its chief executive, Alison Cooper, or this year it argued that she was being paid “significantly below the average for companies of our size”. The plea,thankfully, was rejected by shareholders who famous that Cooper had collected £18m over six years so was not in a position to plead poverty. Related: European commission approves Drax biomass subsidy Continue reading...
Source: theguardian.com