The market – what market? London’s big bang reward consequences, myths and morality
The controversial escalation of executive remuneration levels is placed in a long-term context. Its origins and drivers are critically appraised, informed by the author’s personal experience operating in large corporate settings internationally for more than four decades. Inadequate corporate governance, flawed logic and techniques for determining ‘the market’ and ‘performance’ for executive reward are exposed, along with attendant ‘myths’, and redress is called for.