Australian Prime Minister Kevin Rudd urged corporate executives to show restraint on pay, taking a veiled swipe at new Macquarie Group chief Nicholas Moore's 26.8 million dollars (25 million U.S. dollars) salary.
News of Moore's annual salary follows a 50 million dollars (47.5 million U.S. dollars) farewell package for outgoing chief executive Allan Moss at the investment bank known as the "millionaires factory".
"We are not in the business of regulating, but I would say to all corporate executives today, it's time corporate executives showed restraint," Rudd told reporters in Melbourne.
"Working Australians are finding it tough to make ends meet, and they do look to our corporate leaders for an example, so I would ask them to show restraint, more restraint than we've been seeing," Australian Associated Press quoted the prime minister as saying.
Moore's pay packet is about 80 times Rudd's annual salary and 453 times the average salary.
Source:Xinhua
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