Sunday, 27 November 2011
The Capitalist Case against Exorbitant Executive Pay
In today's Sunday Times, I have co-authored a piece with Matt Hancock MP on executive pay. Just because so many on the looney left bash the banks and other business bosses for the sake of it, it doesn't mean there isn't an issue about exorbitant executive pay.
In the article, we look at some of the evidence that top pay has become dislocated from performance, the incentives for management to scrutinise junior executive - but not senior executive - pay. Above all, we draw on ideas from the US and Australia for encouraging shareholders to get a firmer grip on the issue - for business reasons.
You can access the article (via the pay wall) here.
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