"European Central Bank President Jean- Claude Trichet urged companies not to set a ``bad example'' to workers by awarding large pay increases to executives.
Trichet followed European officials in pressing for wage restraint among the region's top earners as a way of cooling inflation. Central bankers including Nout Wellink of the Netherlands and Bank of England Governor Mervyn King have warned that bonuses paid to bankers risk distorting their economies.
``It's legitimate to raise questions on increases of certain salaries, which are already very significant,'' Trichet said in an interview with L'Express. Pay moderation is ``valid for everyone without exception,'' the French magazine cited him as saying. "
Among their salary, those executive are getting as well stock options that can bring them as much as 1, 2 or 5 time their annual salaries. If they step down, (yes we don't call that 'get fired'), then they get 'golden parachutes'...
They have as well "smart" accountant that manage to get very low tax on their income and in some case they use offshore account either in Switzerland in order to avoid paying high tax. Some as well relocate themselves in Tax Paradise country such as Monaco, Lichteisten and Luxembourg
Of course, You have as well businessmen that start to bribe politicians in order to get tax reforms (see inheritance reforms etc...), tax break etc... what is lost in one hand has to be taken on the other. The other being higher social fees as witnessed recently with childcare soaring (15%), public healthcare
Just have a look into the previous article : not on diet