Wholesale looting by the thieves in suits is not confined to the public sector. In fact, the looting disease was caught from the private or – to be more precise – from the corporate sector. Here, wages – or "compensation" as they quaintly call it – has soared to stratospheric heights, reaching the obscene levels typified by the grotesque payments made to BT chief executive, Ian Livingston.
Last year, this looter saw his bonus more than triple, taking his total pay package, including shares, to more than £3m. It thus can hardly be unrelated to see today the beguilingly simple headline "BT customers face higher bills".View full article here