WAYNE Swan has admitted there is little the federal Government can do to limit salaries of executives of companies outside the finance sector.
Little except engage in the politics of envy that is.
The Treasurer said yesterday that while the Government was working on penalising banks that paid bonuses to encourage risky investment practices, its powers over pay contracts in other private companies were limited.
Of course:
The admission follows angry attacks on corporate greed last week by a series of government ministers.
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