Chief executives are hard to embarrass: rules on pay must get even tougher

The government needs to make it mandatory not just for public companies to publish pay data, but private ones tooTheresa May has attacked excessive boardroom pay as the “unacceptable face of capitalism”. The prime minister said in the summer that too many firms fell “short of the high standards we expect of them” when they ignored the concerns of their shareholders by awarding pay rises to bosses that far outstrip the company’s performance.Employers were also guilty