There is, of course, a limit to the influence that the Government can have on the pay and benefits of the higher echelons of business. But at a time that the Prime Minister and Chancellor of the Exchequer are locked into one of the most important battles of the past twenty years for general wage restraint, it is unhelpful, to say the least, that greed and insensitivity to national interest should so frequently be displayed in the boardrooms of the private sector. In particular, there should be no golden handshakes for failure - and Patricia Hewitt is to be commended for the robust public stance she has taken over the departure of Mr Jeffrey from British Energy.
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