Jobs for the boys
A few nights ago I watched an interesting programme on one of our terrestrial channels called Dispatches.
It was all about the top bankers getting paid astronomical wages. The reason for them being paid astronomical wages – well, they were self governing. In each of these banks there were non-execs appointed to the board as the guys who would use their time to look into the wages of the top guys. However, this is where the problem was. The non-execs and the Chairman of whichever bank it was all knew each other, and it would be likely that if one non-exec were to curb the wage rise, then the same would happen to him at his place of employment.
And, some of these guys had around 4 or 5 no-exec positions. Basically this accounted to around 2 days work a month and an annual salary of anything between £70k and £150k!
