Asset Allocators' Soapbox: Why excessive CEO pay has to stop

Equities are an attractive asset class, particularly at a time when the world is travelling down its current unprecedented monetary path. However, there is no hiding the fact they are risky, having to face an uncertain future and constant change, as well as eternal competition.  One issue in particular that has developed over the past few decades to increase the risks associated with the asset class is excessive senior management remuneration, particularly that of CEOs. This continues to drain away returns from equities and, hence, decrease their attraction for shareholders.  The grow...