50 times your pay

A Business Day survey found that top chief executives are paid as much as 50 times as much as their average employees, and that the best paid was Telecom CEO Paul Reynolds with $4.7 million per annum. That’s 51 times the estimated company average for Telecom staff.

In case you’re wondering, that’s over $90,000 gross per week for Paul Reynolds. Or, much more than most of us will earn for the whole year. Now we know why our cell phone bills are so high!

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