Who gets the big bucks in tech ?
Vince Cable has issued a stark warning to Britain's leading boardrooms that they need to crack down on bonuses to restore public trust and avert the threat of fresh legislation to limit executive pay.
Pay for bankers and top executives has become "a bit of a Ponzi scheme" and most of them would do the work for half the money, Ed Balls, the shadow chancellor, has said.
The average bankers' bonus globally was 29% higher than a year ago, with those in the City of London higher than in other parts of the world, according to a survey by a leading careers website.
The union representing Rolls-Royce managers has blamed the company's "bonus culture" for the string of bribery and corruption scandals dogging the company.
This is what "pay for performance," as practised by Barclays, looks like: in a year in which profits fell by a third, shareholders' dividends were flat and the share price went sideways, 481 employees collected £1m or more. That was 53 more than in 2012.
Royal Bank of Scotland is poised to release millions of pounds worth of shares to its top executive team through bonus schemes put in place by the loss-making bank over the last three years.
Bailed-out Lloyds Banking Group and Barclays have handed their bosses almost £1m in shares to sidestep the new rules from Brussels which are intended to clampdown on bankers' pay.
One of the architects of the EU's cap on bankers' bonuses has called for the UK government to be sued for allowing banks to sidestep the new rules as two more high street banks were preparing to hand their bosses up to £1m in extra pay to avoid the clampdown.