We need regulation of the press and financial sector that will hold people to account without smothering 'animal spirits'
How should David Cameron react to today's High Pay Commission report that blows the whistle on boardroom remuneration rackets that have seen pay rises of up to 5,000% over the past less-than-glorious 30 years? He should ask himself: "What would Dad think?" I imagine Dad would think much as Hugh Grant told us all on Monday what he thinks about the out-of-control tabloids.
I don't actually know what Donald Cameron – he died last year– would have thought of contemporary pay antics in the City, which have infected leading industrial firms and (even worse) the upper echelons of the public sector. But he was a senior partner of stockbrokers Panmure Gordon, which was swallowed up by the big fish after the "big bang" deregulation of the City in 1986 – though it has since been spat...
How should David Cameron react to today's High Pay Commission report that blows the whistle on boardroom remuneration rackets that have seen pay rises of up to 5,000% over the past less-than-glorious 30 years? He should ask himself: "What would Dad think?" I imagine Dad would think much as Hugh Grant told us all on Monday what he thinks about the out-of-control tabloids.
I don't actually know what Donald Cameron – he died last year– would have thought of contemporary pay antics in the City, which have infected leading industrial firms and (even worse) the upper echelons of the public sector. But he was a senior partner of stockbrokers Panmure Gordon, which was swallowed up by the big fish after the "big bang" deregulation of the City in 1986 – though it has since been spat...
- 11/22/2011
- by Michael White
- The Guardian - Film News
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