Gosling's Grouse: What is really fair in fund management?

GOSLING'S GROUSE

Recently I heard about the sales director of an asset management company who is being paid £250,000 basic and a guaranteed bonus of the same amount.

And then there are the growing number of headteachers now earning over £150,000 or closer to £200,000 if you include pension contributions. Is either situation fair? It is a strange word ‘fair’. In the current climate the taxpayer or a taxi driver would probably say earning £150,000 as a teacher is not fair – whatever that means. In reality it means ‘that is not fair because I am not earning it,’ and plays into the hands of those who think just because they pay tax they reserve the right to voice their opinion on absolutely everything. Equally, hearing the sales director of an asse...