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The standard argument for CEOs’ high pay, especially in banking, is that it reflects the scarcity of managerial talent. Robert Peston says: “the knowledge and talents required of someone running a bank as huge and complicated as RBS are not possessed by many.” And Dan Davies tweeted that there are... Continue reading
Reblogged Jan 30, 2012 at Laurence Westgaph Chin's blog
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The standard argument for CEOs’ high pay,...
The standard argument for CEOs’ high pay, especially in banking, is that it reflects the scarcity of managerial talent. Robert Peston says: “the knowledge and talents required of someone running a bank as huge and complicated as RBS are not possessed by many.” And Dan Davies tweeted that there are... Continue reading
Posted Jan 30, 2012 at Laurence Westgaph Chin's blog
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