Germany's Merkel takes aim at executive salaries

Newswire

By Madeline Chambers

BERLIN, Dec 11 (Reuters) - Germany's conservative Chancellor Angela Merkel urged employers to take heed of a public outcry about excessive corporate pay on Tuesday and said top executives should be open about their earnings.

Merkel, head of the Christian Democrat (CDU) party which traditionally pursues business-friendly policies, stressed she had no plans to impose a legal cap on salaries.

But she pleaded for restraint and transparency.

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