Excerpt from Jonty Bloom’s Blog: High pay for high performers
“….But it does bring me back to productivity, British industry is 30% less productive than America’s, and well behind France, Germany and Italy. There are many reasons but one of the biggest is that British management is bad, really bad. Not only is it bad but it thinks it is good, that is why it pays itself American rates while putting in sub Italian performances, year after year.…”
I can name one UK & Irish industry where management is not overpaid.