Labour's new president is calling for government intervention to regulate executive pay and bonuses.
Andrew Little, who is also secretary of the Engineers, Printing and Manufacturing Union, wants the state to intervene "to avert excessive and extreme rewards."
He cited cases of multi-million dollar payouts to bank CEOs and others in the USA even after the bank had been bailed out by taxpayers.
"While the excesses apparent overseas have not been replicated in New Zealand the culture in many companies here is for excessive and disproportionate rewards unrelated to performance to be paid to a small group of executives," Mr Little said.