Ex-minister says measures ‘do not tell us about fairness culture’ in a company and may have widened the gap
Vince Cable has said government policies aimed at tackling the vast pay gap between chief executives and their staff do not address the root cause of the issue and in some cases may have made the problem worse.
The former business secretary said measures to increase the transparency of executive pay had backfired by sparking a one-upmanship between large corporations eager to offer the most lucrative pay.
