Quote of the day

'It's a basic principle. Owners of businesses should determine the pay of managers, and nobody else' - Stuart Fraser, policy chairman at the Corporation of London, defends business' decisions to award senior management the salaries of their choice on this morning's Today programme - although he added that the amount they take home should depend on the results they deliver.

by Emma Haslett
Last Updated: 09 Oct 2013
- Source: Today Programme

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