The High Pay Commission set up by Compass,which has reported today today, offers a valuable service in providing detailed evidence of runaway pay packages at the top, headed by Barclays’ Bob Diamond with his £6 million a year over 3 years (£115,384 per week), the new ugly face of capitalism. But as so often with Compass initiatives, it does not adequately structure the problem and hence its solutions fall well short of what is needed. Continue reading →