No Free Lunch 

Simmering pressures

Paul Jackson

Simmering pressures

Given that the UK average salary is around £30,000 a year, if there was a pay cap for chief executives, what should it be? To answer that, most of us would probably come up with a rounded multiple of either the national average or our own income. So it should have been no surprise when Survation, a market research agency, asked this question of 1,005 UK adults and about a third suggested £100,000. A quarter said £200,000, and another quarter answered “don’t know”. But that could be (assuming that answers were steered by a multiple-choice format) because £1m was the maximum offered, which about a tenth selected

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