Many of the proposed fixes to executive pay are making things worse, writes Helena Wasserman.
"What people forget about wealth," a well-remunerated CEO once told me, rather miserably, "is that it compounds." He went on to explain that once you have a large amount of money (his came from eye-watering paycheques and bonuses), the returns and interest you earn on your investments, once re-invested, start to earn returns and interest of their own.
Then those returns start to earn returns, and so on. Pretty soon, this snowballs.