Pope Leo criticises executive pay packages and talks about gap between rich and poor, in his first media interview
Pope Leo said “we’re in big trouble” when it comes to the ever-widening pay gap between the rich and poor, citing Elon Musk, who may be on course to become the world’s first trillionaire.
Leo made the remarks while criticising executive pay packages during his first interview with the media.
Reflecting on why the world was so polarised, he said one significant factor was the “continuously wider gap between the income levels of the working class and the money that the wealthiest receive”.
“CEOs that 60 years ago might have been making four to six times more than what the workers are receiving … 600 times more [now],” the pontiff said in excerpts of the interview conducted by Elise Ann Allen, a senior correspondent with the Catholic newspaper Crux as part of a forthcoming biography.
