Time to cut executive pay

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In Michael Dixon’s astute observations of the situation at Gentoo Sunderland (Echo Letters, September 18) he makes a brief reference to executive pay in the social housing sector.

The national housing federation stated recently that on average Housing Association chief executives were paid 10 times that of their lowest paid staff and if a few instances the ratio rose to 13:1. A number of chief executives were earning substantially more than the current salary of the Prime Minster.

There needs to be a re-balancing of executive salaries in the social housing sector and as their revenue streams come under pressure from recent legislation the priority must be to reduce managemental costs.

Dennis McDonald