Management pay rises outpace workers

The gap between the pay of top chief executives and the staff they manage appears to be growing. In the latest Fairfax annual survey of pay rates at listed companies, the average pay of CEOs in 2012 was 26.4 times that of the average employee in the same companies. That's up from a multiple of 22.5 times in 2011. The survey covered 39 companies on the NZX50, of which 23 had consistent data available for the last three years. Investment [...]

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