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Companies should link the pay of top bosses to that of the rest of their workforce, a committee of MPs has said. The Business Select Committee said soaring pay had become a symbol of "corporate greed" and was undermining the reputation of UK business. It also said that over the last decade, the pay of FTSE 100 bosses had grown four times as much as national average earnings. The government said "the vast majority" of big UK firms acted responsibly. According to a report by the Commons Business, Energy and Industrial Strategy Committee, FTSE 100 bosses now earn around £4m per year compared with average earnings of under £30,000. Such "huge differentials" have become endemic, it said, partl... Full story

26 March