Spread Like Wildfire

The bosses of Britain's top companies are in the dock - after a revelation that the average pay increase for company directors in the Footsie 100 - was a whopping 49% last year.

Now like most good stories this is not quite as dramatic as it sounds - because in a small sample (which this is) just a couple of returns can distort the 'average' result quite badly.

The statisticians out there will know that it's always better to use the 'median' figure - which is a much better indicator of what's really going on - because it screens out rogue results whether high or low.

And the median increase turns out to be 16% - not 49% - which is still a disgrace - but it's better to get your facts right and not exaggerate things - in  my view anyway.

So what can be done about Britain's bosses handing themselves such huge pay rises - when everyone else is struggling with the cost of living?

Well the people behind the survey - Incomes Data Services - could tell us all who the companies are - the names and details of the worst offenders.  

I'm sure people would raise their voices with the companies concerned - if they buy their products or use their services.

I know I would - but I don't know where to start.

Maybe the anti-capitalists in London and elsewhere can do something practical to help - because they seem to have lots of time on their hands.

Knowledge is power - and if these details are posted on the Internet - then ordinary people will respond and be inspired to take up the fight.

Whereas at the moment they don't know who to name and shame.

What the anti-capitalists need to grasp is that most people are not anti-capitalist - but they do hate corporate greed and bad behaviour.

Tap into that rich vein of support - and it will spread like wildfire.

But it requires hard work and imagination - and a willingness to get ordinary people on your side. 

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