Alvin Hall continues to look at the question of corporate pay and asks if it should be more tightly regulated.
How vital is it to the future success of a company to continue to reward the people who generate the most profit?
What are the consequences for those who dare to put the brakes on paying staff bonuses?
Alvin was joined by:
Sir Brian Pitman, former chairman of Lloyds Bank
John S. Reed, former chief executive of Citigroup and former Chairman of the NYSE
Sir Richard Greenbury, former chairman and chief executive of Marks and Spencer
Peter Montagnon, director of investment affairs, Association of British Insurers
Gustavo Dolfino, president of the White Rock Group
The programme was broadcast on BBC Radio 4 on Saturday, 8 August at 1204 BST and repeated on Wednesday, 12 August at 1502 BST.