Royal Mail


More fund managers should join the fight on boardroom pay

Dominic Rossi at Fidelity Worldwide Investment is right: a long-term incentive plan is nothing of the sort if executives can get their hands on the financial prizes after only three years. That’s no time at all – about half the average business cycle – and it introduces a lottery-style element.

Schäuble's subplot – a Grexit, it seems, no longer worries Germany

Europe Map

The late news from the make-or-break talks in Brussels was no news at all, really. There were a few encouraging words for the progress Greece is making on its reform plans. Athens also ordered a €750m (£535m) repayment to the International Monetary Fund. But an agreement on releasing €7.2bn of bailout funds? No.

UK bonuses rise 5% to above £40bn

Pot Of Gold

Bonuses paid out across the economy rose nearly 5% from last year to more than £40bn, which means they now make up the biggest proportion of workers' pay packages since before the economic downturn.