The standard argument for CEOs’ high pay, especially in banking, is that it reflects the scarcity of managerial talent. Robert Peston says: “the knowledge and talents required of someone running a bank as huge and complicated as RBS are not possessed by many.” And Dan Davies tweeted that there are less than a dozen people worldwide who know to sell off toxic assets.via stumblingandmumbling.typepad.com
via d101584300098361100.typepad.com
The people at the top of banking should be working for the good of the country,society,savings and pensions.Their delight should be as much about the opportunity to help build a busy,healthily prosperous community, why else are they getting the knighthoods?
