“Bosses’ pandemic pay cuts ‘superficial’ says report”

Aug 5, 2020 | Companies

So two thirds of the bosses of our biggest companies have not taken any pay cuts while, in many cases, their businesses have pretty much shut down. I guess we shouldn’t be surprised. They have to take the tough decisions about how many to lay off to keep their companies profitable and dividend-paying. I’d say the High Pay Centre director used masterly understatement when he said that ‘Multi-million pound pay awards worth over 100x the salary of a typical worker seem an unnecessary extravagance in a period of such economic uncertainty’. But in their defence, they’ll be paying lots of tax (except for those that don’t); so helping to support those who’ll soon be working their way through the maze of online forms needed to claim universal credit.

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“Nutmeg losses climb 28% after JPMorgan takeover”

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