Putting this lot in charge of a top pay review is like handing over pocket money policy to a committee of seven-year-olds. The committee needs some heavyweight representatives from shareholders and employees if it is to have any credibility with the public whatsoever.
ONE SENIOR City figure I lunched with last week was baffled by the latest effort to restore public confidence in the setting of top pay. "It's like something out of Monty Python,'' he said. Three of the four industrialists on the CBI-inspired comm ittee are on more than £600,000. The fourth has seen such a pay packet in the past.