Is it better to rip lots of people off and give some of your gains to charity or better to rip no one off in the first place? You'd think, if pushed, that the Church would go with the second. So I've been waiting for its leaders to say something about pay in the financial sector.
After all, while the idea that making money and morality are perfectly compatible is easily argued, it isn't so easy to make a moral case that excuses the ludicrous levels of executive pay in the financial and big corporate sectors. People have tried (think Stephen Green and Philip Richards) but in the end the fact remains that if you overpay a fund manager you rip off investors and if you overpay a CEO you rip off shareholders.
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