Shaming Kiwi Corporates for Bloated CEO Paychecks w/ Peter Malcolm: February 7th, 2020

In its annual survey of top CEO pay issued last week, The New Zealand Herald showed the average earnings of CEO’s jumped 12 percent last year to $1,750,141 compared with a 2.4 percent rise for average New Zealanders.

As several researchers, including the University of Auckland’s Tim Hazeldine, have pointed out, the trend of overpaying CEOs “lacks any obvious empirical justification in terms of general improvements in marketing, productivity, and profitability.”

Rachel Simpson talks to Peter Malcolm, who is the Secretary General of Closing the Gap NZ. They talked about how to keep up the pressure on the government, corporates and CEOs during the upcoming election year.