Companies forced to justify CEO-worker pay ratio
By Kate Holton
LONDON (Reuters) — Listed British companies will have to justify the gap in salaries between their average worker and chief executive under proposed new rules that fall short of Prime Minister Theresa May's initial plan to tackle soaring executive pay.
When May came into power after the 2016 Brexit vote, she vowed to tackle what she called the "unacceptable face" of capitalism, including pay gaps and mismanaged takeovers, that had driven a wedge between British bosses and their workers.
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