Executive Pay:

(The Guardian/RTF survey of executive pay)

This must one of my most cherished topics – don’t know whether I admire the money fat cats earn or what because I remember during my universities years I always thought I should write a paper to justify the ever rising executive pay. In a 20/20 hindsight – it coincided with the time I felt sportsmen were being paid too much and I thought it was destroying the game I love most (I still think they are spoilt brats and most of them overrated – some things will never change!)
There is bad news for UK bosses – apparently they are not in the premier league with the average management quality in the US far outstrips that in the UK (“Only one in every 50 American firms can be described as ‘very badly managed’, compare that to roughly 1 in 12 in the UK”). Love or hate them but America is still the place to be for anyone aspiring to be a fat cat. A typical CEO earns three times as much as their counterparts in Europe. (Merrill Lynch’s boss earned $91m!)
Talk about being egocentric, the same report also reveals that most managers are deluded when it comes to assessing their own firm’s management performance.