CEO pay surges, boards "tone deaf" to social licence - ACSI report

Here's my story on ABC News Online

Chief executive pay has hit record highs as wage growth for workers continues to flatline and trust in big business ebbs.

That's the latest finding of a CEO pay survey from the Australian Council of Superannuation Investors which shows pay for company bosses is at its highest level in seventeen years thanks to "persistent and increasing bonus payments".

The startling results come against the backdrop of the financial services Royal Commission which has revealed unlawful, unethical and possible criminal activity in the banking and insurance sectors.

Chief executive Louise Davidson told me its evidence that big business is out of touch and "tone deaf" to community standards.