The IMF chief, Christine L:agarde, in her speech to the World Economic Forum in January, said that bankers' pay should be cut to close the gap between the rich and poor. "Excessive inequality" she said "is corrosive to growth; it is corrosive to society. I believe that the economics profession and the policy community have downplayed inequality for too long." **
** Reported in The Guardian, 24th Jan, 2013
Have the bankers taken any notice ?
Jim Hawkins