This article describes the rapid growth of CEO compensation in the UK. While it is not yet at US levels relative to the average worker, the gap between top executive compensation is expanding at a rapid rate. Some argue that this is necessary in order to attract and retain top talent in the UK. The data argues otherwise. There is very little movement of executive talent into or out of the UK.
It would be interesting to learn more about this dynamic in the UK. Corporate governance is probably as weak in the UK as it is in the US. Compensation in the US is driven by stock price appreciation. I'm not sure how this works in the UK.
No comments:
Post a Comment