France’s Socialist government is to table a bill to cap the salaries of top bosses in the private sector, in the latest high-profile move to punish the rich.
France passed a decree last year limiting the pay of the heads of state-run firms to 450,000 euros annually, following a scale whereby a state boss should not earn more than 20 times that of his lowest-paid worker.
Michel Sapin, the abour minister, said: “We will table a bill on the salaries of high earners (in the private sector).”
Government spokesman Najat Vallaud-Belkacem added that the law would be ready "before the summer”.
Source: London Daily Telegraph. Read full article. (link)