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i have hijacked a piece from the link that tom posted in number 11, well worth a read i think, many might have missed it.
This FT article is not what is seems. The scroungers in question are the overpaid executives in the boardrooms of British companies. According to the article, which refers to an another published last week called The Trickle-up Effect, "the chief executives of FTSE 100 companies saw their pay rise last year by a median 32 per cent. That compares with 2 per cent for most workers. This was not a blip. In 1998, the average pay of these business leaders was 47 times higher than that of employees. By 2010 the multiple had soared to 120. Yet the real value of their companies hardly changed. So much for claims that pay matches performance.
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