Meanwhile, ... as Europe clawed its way out of a recessionary pit, rising stock markets helped boost the compensation of the highest earners -- many of whom have generous share awards and options -- closer to the levels enjoyed by their industry peers in America. |
The approximate $2 million European average for chief-executive pay can be taken as a rough guide to that threshold, with the varying strengths of public feeling on the issue indicated by the different national averages. |
The bricks and mortar that hold this ceiling in place are social attitudes in Europe about what constitutes excessive pay, |