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Pay as you earn

Labour politicians believe that Cedric Brown and other highly paid utility bosses will win them the next election. But has the uproar over top salaries led to any greater clarity about how much people should earn? W G Runciman offers some guidance

By W G Runciman   November 1995

In the whole furore over the pay of Cedric Brown, the chief executive of British Gas, the most enjoyable episode concerned Greville Janner, the Labour MP. It emerged that Janner, the Labour chairman of the Commons Select Committee on employment, who gave Brown such a hard time in front of the television cameras, was a ?25,000-a-year non-executive director and member of the remuneration committee of Ladbroke’s-whose chairman is paid substantially more a year than Cedric Brown.

Yet it is not as if the outcry over pay has been confined to a few publicity-hungry MPs, hair-shirted intellectuals, and vengeful Trotskyites. Even…

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