Oxfam came under pressure yesterday to justify its chief executive's £127,000 a year salary following its controversial claim that poverty was caused by 'an extreme form of capitalism'. Criticism of the charity over its Twitter message blaming poverty on capitalism included demands for salary cuts for its executives from supporters who threatened to cancel donations.
Its chief executive Mark Goldring was paid £127,753, according to last year's accounts, and the charity received £177million in public funds. This week Oxfam enlisted Kate Moss to help mark its 75th year, with the supermodel donning designer outfits from the British charity's online shop for a series of glamorous images shot by top photographer David Bailey.
Also this week Oxfam launched its annual report into wealth inequality around the world in which it claimed the world's richest 1 per cent took 82 per cent of all the wealth generated last year.
It then tweeted: 'We have an extreme form of capitalism that only works for those at the top. That is why we are calling for governments to manage economies so they work for everyone and not just the fortunate few. The charity faced a backlash from economists and academics who said capitalism had helped to lift millions out of poverty.
And Twitter user Colin Fisher said: 'Your disingenuous, or possibly woefully ignorant, stance on capitalism means that I will never make a donation to your pressure group again.'
Tony Allwright tweeted: 'Oxfam, your overriding priority is clearly to ensure as many people remain – or get – poor as possible, so that Oxfam and its executives remain in flourishing, lucrative business. Nothing else explains Oxfam's hatred of poverty-destroying capitalism.'
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