There is something of a brouhaha rising up in the United Kingdom over Prime Minister Theresa May’s executive pay reforms. Labour leader Ed Miliband is claiming they were his ideas; the Institute of Directors thinks they are too harsh (so do a lot of other industry types); and the press and the public are baying for fat cat blood.

In the United States, we have the prospect of a Trump administration rolling back much less draconian regulations surrounding pay; in England, totally the opposite.