Wednesday, 5 January 2011

Executive Pay

Denis Forman, former chairman and managing director of Granada TV (Brideshead Revisited and Jewel in the Crown were produced, and Coronation Street begun, on his watch), interviewed by Edward Mirzoeff, said: "The BBC was wrong and foolish in the extravagant way it paid its top executive. It's rubbish to say that if you don't pay more, you'll lose the best people. Granada always paid ten per cent less than the other companies, but it had the first choice of all the biggest names. The important thing for people is not what they're paid, but what they do."

Perhaps the government should seek a latter-day Denis Forman to run the nationalised banks.

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