Mark Littlewood comments on the Mail Online

Mark Littlewood, Director General at the Institute of Economic Affairs has commented in the Daily Mail on executive pay and why CEOs should not be demonised.

In the article Mark argues that the attempts to stoke public hostility against high pay are based on false premises. Cutting salaries at the top by no means translates to an increase in pay for those at the bottom; salaries are not fixed, nor is value created in this way. In our globalised economy high pay has merit, with CEOs’ roles becoming evermore important and high pressured as their decisions can make or break a company. Real world examples show that government intervention and regulation in corporate governance has had little effect.

Read the full article here.