FT.com / Lex / Finance & governance - Directors’ pay.

Lex points out that almost nothing has changed on director's pay despite the crash.

It won't. The so-called 'investors' who own companies are in fact the hired hands of the pension funds et al and almost entirely work for the banks who got us into this mess and who lead the pay-abuse scandal.

There is no protection mechanmism that stops the City abusing the ordinary people who really does have no choice but put money into a pension (a choice to be legally enforced soon) out of which the City then scoops its current reward at unseen cost to the investor's future anticipated beenfit.

That's what the pension crisis is actually about. It is the flip side of the current banking crisis.

What pensions can't pay in future is what the City is taking in unearned reward now.

Why can't people see that?