In defence of the bosses, they do face some risks along with their high pay.
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The current high pay for government jobs, however, has reversed this effect to a great extent.
Problem number three seems to be based on the allegation that shareholders just object to high pay regardless.
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It is charged at a lower level on low pay and at a higher rate on high pay.
Well, some, as evidenced by the high pay of successful wealth managers, like having a professional oversee their savings.
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Bankers will argue that the high pay reflects the importance of their work.
The standard justification for the high pay of CEOs and other top executives is that the market demands it.
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The very high pay killed their creativity, clogged their memory, and made them unable to solve the problem at hand.
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They go for the high pay, of course, but why was the pay so high relative to other high-skilled professions?
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Labour said it accepted in full the recommendations of the High Pay Commission and urged ministers to do the same.
In a BBC interview on February 8th, Mr Hester mounted a valiant defence of high pay in his bank and elsewhere.
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The Financial Times highlights a report from the High Pay Commission.
They may be marking time to retirement and are concerned that their relatively high pay makes them a target for corporate cost cutters.
Although Britons are cross about high pay, few seek capitalism's overthrow: they dislike corporate fat cats for being fat, not for being cats.
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Paul market is in somewhat of a sweet spot of offering jobs with relatively high pay while having a low cost of living.
High pay is, by and large, the price needed to attract and motivate gifted managers, as our special report argues in this issue.
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Following this logic, high pay will satisfy an employee only to the extent that others receive low pay, which presents an interesting dilemma for employers.
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We object to high pay for value destruction, high pay for failure, and high pay compared to your peers that is unrelated to outperforming them.
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Government whip Philip Dunne - in a rare appearance at the despatch box - insisted ministers were "determined" to tackle excessively high pay in boardrooms.
The high pay leads to questions about the alignment of management and shareholder interest, which leads me to question Lime as a long term hold.
But the most painful revelation of the debate on high pay may be this: many Britons are not convinced that they live in a functioning meritocracy.
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It says companies should be made to reveal the total pay figure earned by executives and a new national body to monitor high pay should be established.
Even the Australian Resources Minister and lifetime union member, Gary Gray, declined to defend the high pay rates on resource projects, particularly offshore liquefied natural gas (LNG) developments.
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The issue of high pay in the public sector was raised by Scottish Liberal Democrat leader Tavish Scott, who asked what progress had been made on the problem.
That has included hiring a stable of the best talent in editing, at high pay packages, during this time when everyone else is cutting jobs and pay for journalists.
Whether it will succeed in burnishing the cultural image of teaching once the economy has recovered, and students at elite universities are once again enticed by the high pay offered elsewhere, seems less likely.
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