In a Dragon's Den-style session at the end of the Fabian New Year conference, Kevin Maguire proposed a maximum wage to be introduced for British companies, so that the chief executive of any company was paid no more than ten times the lowest paid members of staff.
His bid was klaxoned by the adjucators..after he ran over the one minute time limit. But his proposal won favour on an audience vote.
Maguire said the move could definitely pull up the wages of tea ladies at premier league football clubs.
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