21/08/2013 00:00
by MONITOR
THE public sense in Britain that something must be done to rein-in the high salaries and excessive bonuses of senior banking officials is growing. The chairmen and CEOs of banks are proving to be a thick-skinned lot, apparently unaware or uncaring about the displeasure and anger that their behaviour causes. Yesterday a letter from the pressure group Compass, a coalition of campaigners, trade unionists and academics, appeared in The Guardian with about 100 signatures. It called for government action to regulate high pay and benefits, perhaps initially by creating a version of the quite successful Low Pay Commission of 1977, but with rather different objectives.
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