Rooney deserves higher pay than fund managers

Wayne Rooney is more deserving of his salary than any fund manager, city trader or CEO, according to a new book by management expert David Bolchover.

Pay Check: are top earners really worth it? argues that, unlike top footballers, most fund managers do not possess any special ‘talent’ and cannot justify the salaries they are paid. Published against current antipathy towards City bonuses, the book claims the huge pay packets enjoyed by leading City figures cannot be defended. The Western market has become particularly skewed. The past 30 years have seen the average US CEO’s salary spiral from 42 times the average blue collar worker’s pay to 531 times, with little to justify that rise. In the fifteen years immediately before the c...