Greedy bosses

The disclosure that greedy bosses have seen their pay rise by 50 per cent (your report, 28 October) beggars belief.

It is beyond hypocrisy that in the middle of the worst recession in 80 years, the biggest cuts in public spending ever and a reduction in wages and living standards that the people who caused the crisis could possibly think that they are worth a rise.

Of course we get the usual mealy-mouthed comments about restraint from the Scottish and UK governments, but the bosses have all the political parties bought and paid for.

None of them wants the rich to even pay the £125 billion that they owe never mind taxing them more.

Whenever any statement about the pay of big bosses comes out we hear the usual guff about how this is the market rate for the job.

This omits the fact that bosses set their own pay. It is not so much a market as a self-perpetuating racket.

The government should use the tax system to tax greedy fat cats at 90 per cent so that there will no longer be rewards for failure.

Alan Hinnrichs

Gillespie Terrace

Dundee