Executive Director Sam Bowman’s comments on the High Pay Centre’s promotion of ‘Fat Cat Tuesday’ have featured in the IBTimes and City AM. From the IBTimes:
However, the findings have been dismissed as "pub economics" by the Adam Smith Institute.
"None of these complaints are valid unless the High Pay Centre thinks it has a better way of estimating the value of executives to firms than those firms themselves," said Sam Bowman, the think tank's executive director.
"The High Pay Commission's complaints only make sense if you assume firms don't actually care about making money – which is to say, they don't make sense at all."
From City AM:
However, some have warned that the figures are oversimplified. The research from the High Pay Centre think tank has been criticised by the Adam Smith Institute as “pub economics, not serious analysis”
“None of these complaints are valid unless the High Pay Centre thinks it has a better way of estimating the value of executives to firms than those firms themselves. Can the High Pay Centre tell us how much chief executives are worth? If not, how can they say that they are overpaid?” said the think tank’s executive director Sam Bowman.