Market or Racket: do we need a new approach to executive pay?

The high level of executive pay has been a media and political target for years. In the first week of this year, the UK’s FTSE 100 CEOs earned more than the typical full-time worker will earn over the entire year. But are CEOs paid too much? Should they be paid less? But would that not cause them to leave for foreign firms or private firms? Executive pay: market or racket? These questions were at the centre of a recent event hosted by London Business School’s Centre for Corporate Governance.