UK executive pay soars as bosses set each others’ awards

Guardian – Executive pay has spiralled out of control because nearly half of remuneration committee members are either serving or former company bosses, according to a report by the High Pay Commission. Nine current FTSE 100 chief executives, including Smith Group’s Philip Bowman, Kingfisher’s Ian Cheshire, Diageo’s Paul Welsh and Centrica’s Sam Laidlaw sit on the remuneration committees of fellow blue chip companies. Read Article