by Joe Burns
Over the last three decades, the number of people that control the businesses that shape our lives has decreased dramatically. Distant stakeholders and unrelated shareholders seem to have a say in local housing projects, food supply, transport maintenance and many other necessary community projects. Big brands are becoming more successful at dictating markets and reaping the rewards.
In the recent past, Tesco executives were revealed to have been paid up to 900 times more than the average Tesco worker. Dave Lewis, CEO of Tesco, was paid £4,600,000 in 2016. When explaining the reason why he received almost five million pounds in one year, Deanna Oppenheimer – who is the leader of Tesco’s remuneration committee – said he had achieved increased volumes, reduced costs, increased cash flow, and completed significant disposals and business restructuring to strengthen the balance sheet. For some, more money is what makes good business.