Pay at the top: to each according to results? to social contribution? … or to systemic privilege? summarises some rather depressing contributions to the debate.

Are high executive and banking pay related to results? Or to social value added? Or does executive compensation simply ratchet upwards, irrespective of either? Jeremy Fox reviews work from the High Pay commission, the New Economics Foundation and Ha-Joon Chang suggesting the answers are “No”, “No” and “Yes”