LSEIQ Episode 1 | Why is CEO pay so high?
LSE IQ podcast
Shareholders Should Be Engaged More
There is an idea that creating a wealthier leat is good for the economy. People who earn millions are more likely to save their money or spend it on top quality assets, like very expensive houses and yachts. If you spread money more freely through the economy, you give it to people lower down the income scale, they're much more likely to spend it. Some shareholders have been protesting, but not enough. We can't just rely on shareholders to hold companies to account. So we think that more needs to be done.
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