BBA's Knight: Shareholders should set banker's pay

Knight said it is not necessary for the government to cap pay or force banks to publish top remuneration deals. "It is for the shareholders to make decisions; they are the owners," said Knight. "Much of this looks nothing more or less than a witch-hunt. The real question is how well a business is being run. "There is widespread concern now right across the business community that the way the UK is portraying itself and the way discussions are going are spreading out across different types of businesses, and somehow all being tarred by the same brush; this is bad." Knight's comme...