Big Four firm Deloitte, which chose to release its annual accounts over the Bank Holiday, paid its senior partner
Average rewards for Deloitte partners came in at
Accountants largely fly below the radar in the debate on high pay, which focuses on the listed
But there is a further swathe of well-rewarded individuals at accountancy and law firms where the picture is far less transparent.
Deloitte at least does make disclosures on rewards, albeit that Sproul's payment is tucked away in the notes to the accounts.
The case against more transparency is that the firms concerned are partnerships and not answerable to shareholders, so they should be entitled to their privacy.
But the sums of money are large. The High Pay Centre, in a recent report, estimated that almost 1,400 senior accountants and lawyers were paid more than
In the case of Deloitte, information on pay is highly relevant to shareholders, since the firm operates one of the
How can it do so in an objective way, when its own senior partners are fully-fledged members of the high pay club themselves, one might wonder.
There is also the issue of the heavy traffic from leading accountancy firms into
Again, their experience of well-padded pay packets does not obviously equip them to take a critical stance. Accountancy firms in general did not cover themselves in glory in the financial crisis.
Deloitte, which is
The firm is also appealing against a fine last year of
But as in the corporate sector, it takes more than a few little local difficulties to derail the gravy train.
The idea that an independent
As well as the moral indignity, reneging on its share of the debt would be likely to be seen as tantamount to default, diminishing
The euro itself is under enormous stress, essentially because it is a currency union without a political union.
It is that flawed model with taxpayers in the rest of the
Why voters in the rest of the
Business people are belatedly speaking out for the union.
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