CANBERRA, Sept. 30 (Xinhua) -- Australian Council of Trade Unions (ACTU) president Sharan Burrow said on Wednesday the Productivity Commission report had let working Australians down by not recommending a cap on excessive pay of company chief executive officers (CEOs).

    "This is not tough enough," Burrow told reporters.

    "The Productivity Commission has made some good recommendations about governance and it has given shareholders potentially much greater authority over remuneration packages.

    "But to not talk about a cap on executive salary is to make a nonsense of constraint when these CEOs have shown no capacity to moderate their own behavior.

    "When CEOs take 50 times the average earning of working people, when the top 100 companies pay 150 times, an average of 10 million Australian dollars (8.8 million U.S. dollars) in salaries without bonuses added in to that, then we have got a culture that is out of control."

    Burrow said salaries for company chiefs should be capped at a maximum 10 times the average earnings of employees within that company.

    "These CEOs have lost their moral compass, they have no understanding of the reality of working people's lives," she said.

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