EconomicsUK: Top Pay Levels: Executives bonuses will have to be shaved down

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Financial Times (Nov21,2k11) email newsletter
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Breaking News Call to end ‘corrosive’ top pay deals Executive pay should be radically simplified to halt spiralling awards that are “corrosive” to the economy and threaten to create the type of inequalities last seen in the Victorian era, the High Pay Commission has said after a year-long inquiry http://link.ft.com/r/BLH300/62K9J0/MIYZO/YB8JJO/97Y1FA/UP/h?a1=2011&a2=11&a3=21  Breaking News  Banks accused of ‘dishonesty’ on reform Bankers’ efforts to water down tougher new regulations by claiming they will harm economic growth are “intellectually dishonest and potentially damaging” and could inspire an even more robust crackdown, a leading UK regulator has warned http://link.ft.com/r/VKY5JJ/ZGZIM3/9VCLF/WTB9SM/AMIBVC/T3/h?a1=2011&a2=11&a3=22