FTSE 100 remuneration run by 'old boys network' - think tank

The High Pay Centre said research has discovered about half of the committees which set salaries and bonus structures for top bosses were made up of former executives. It said research of FTSE 100 firms found of 366 people who sit on top firm's remuneration committees only 10% were not from the business community and only 16% were women, the Press Association reports. HPC spokeswoman Deborah Hargreaves said: "In the UK we have a system designed and run by people with an apparent vested interest. They fall victim to ‘group think', setting ever higher packages based on what they know is...