TRACEY DAVIES: Why mind the wage gap?
The angry backlash against Ebrahim Patel’s announcement about wage-gap disclosure is misplaced
Trade, industry & competition minister Ebrahim Patel recently announced that his department would table amendments to the Companies Act aimed at tackling "the gross injustice of executive pay". These will require disclosure of the wage gap between a company’s highest and lowest earners.
Looking at the public responses to his announcement, including vicious, mostly anonymous online comments that accompany articles on the subject ("Another stupid move by a communist"; "Socialism 101"; "You blood sucking government bureaucrat"; "What an idiot"), you’d think Patel had said he’d be confiscating the assets of every local CEO and redistributing them to the Guptas...
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