Yes, pay of the one per cent is unfair. But worse: it’s rational
You don’t have to be a socialist to be alarmed at the way executive pay is, once again, spinning into the stratosphere. Did the head of Burberry really need £16 million? And the head of Nationwide £2.6 million? It fit a trend: the average FTSE100 chief executive salaries are rising again – by about 10pc