New story from Financial Times published by Mortimer Goth November 15, 2009

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Key to pay restraint lies with boards

How much is too much when it comes to executive pay, and who should decide? There is much debate, particularly when it comes to banks, on what the top people are worth. Remuneration consultants have helped drive pay packages ever higher and remuneration committees are not generally noted for their restraint. Boards get their ideas about what is an appropriate level of pay from each other, according to governance experts. More: http://tinyurl.com/compensation194