British churches: don't invest if pay ratio too high

Submitted by Kathryn Busby on 18 March 2010

A group of British churches are issuing guidance on the "morality of pay" fearing that the pay levels enjoyed by many senior executives in business and industry threaten to alienate them from the rest of society.

The Central Finance Board of the Methodist Church is urging its members, with combined assets of £12 billion, to invest only in companies where the pay of the boss is not more than 75 times that of the average pay of the lowest paid staff.

Bill Seddon, chief executive of the Board, explains the guidance on BBC Radio 4 Today