The issue of outrageous corporate salaries becomes worse and worse. Its executive salaries were "market-based" and it paid "bench-marked salaries to attract the right people". That, then, creates a level from which other senior executive salaries can be tiered. The recruitment agencies and their commissions benefit from higher salaries. If companies could show that jumping off the executive pay escalator does not harm business, others might follow.

Source: Otago Daily Times October 07, 2016 17:37 UTC