This week, we look at what the business press have to say about executive pay and disruption in the White House.
The Financial Times writes that protests over executive salaries is resulting in new strategies on the part of major companies. Prime Minister Theresa May has said that the gap between CEO payment and the income of the average Briton must be lowered.
… after seven years of UK austerity policies and a Brexit vote that was blamed in part on anti-elitist populism, opposition to high pay has hardened. … The average blue-chip CEO in the UK earned £4.3m in 2015. The average national wage was £28,000. …
White House disruption
The Wall Street Journal writes that too many people — with too many competing interests — have access to President Donald Trump. Instead, the newspaper says, his chief of staff Reince Priebus should be given “the power to act like one”.
… Stability appears to run counter to Mr. Trump’s preferred theory of management, which by all accounts is to encourage multiple competing views and a walk-in-anytime Oval Office policy. … The reality is that Presidents get the White House they want, which reflects their governing style. Mr. Trump favors shock-and-awe politics that is constantly on offense. …