Executives: There'll Always Be a Loser

Pity the British executive. He has had to keep his upper lip stiff against the problems of the pound, a prohibitive investment income tax, Common Market blackballs and Prime Minister Harold Wilson's accusation of "sheer damn laziness." Now comes a study showing that for all his pains, the British executive is paid at a level that is far and away the lowest in Europe.

Studying cash salaries and bonuses paid in Britain and five of the Common Market nations, the U.S. management-consultant firm of Towers, Perrin, Forster & Crosby found that, over the past eight years, British executives have slipped from...

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