The pay of many executives of the top financial companies and big businesses has become "out of control".During a Guardian Business podcast, Deborah Hargreaves, the head of the High Pay Commission, said that the majority (79 per cent) of the public believe bonuses and pay have become excessive.She explained that the inequality between the average salaries and executive salaries will soon be at Victorian levels.Since the 1980s, when executives received a salary around 13 times the national average, the pay of the highest earners has now increased to 88 times the wage of most people, stated Ms Hargreaves.The High Pay Commission has launched a 12-point plan to control the pay and bonus culture, which is based on accountability, transparency and fairness.Prime minister David Cameron said that all individuals and businesses in the public and private sectors should be able to "justify the decisions they make about pay".Samantha ClarkeSamantha is a former banking assistant and has over ten years experience in retail banking.
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