FRENCH President Emmanuel Macron has backed a campaign for big bosses to have their salaries limited to a certain amount. The president told a French radio station he was in favour of a limit, or ‘cap’ to be introduced across Europe.
It would mean there would be a maximum amount that top executives could be paid.
The announcement follows the news that Carlos Tavares, head of car maker Stellantis, was given a €19m (£15.75m) pay packet when two car companies joined together. Mr Macron said the amount was “shocking and excessive [too much]”.
The UK median (in the middle) wage is £611 per week. That’s £31,772 per year for a 40-hour week, which is 495 times smaller than £15.75m.