High paid business owners and executives may need to hold back on bonuses and pay rises if they are to avoid a backlash from customers.
High paid business owners and executives may need to hold back on bonuses and pay rises if they are to avoid a backlash from customers. A study by the UK’s Institute of Directors found that 52 per cent of respondents believe that “anger over senior levels of executive pay” is a serious risk to public trust in business. That tops the 51 per cent that are concerned over negative media reports or product mis-selling. In recent years the high pay and bonuses in the banking sector have added to public awareness of the issue of high wages. The study also reveals that 48 per cent of respondents believe that public trust in businesses is at risk.
