One Direction vs a FTSE 100 company - which is more "grossly immoral"?

Surely Vince Cable wouldn't take a swipe at a fellow tousle-haired scamp like Harry Styles.

Vince Cable’s swift denial of claims that he attacked the pay of One Direction in a debate yesterday was a great bit of crisis aversion. After various commentators claimed that he’d responded to a question about the boyband’s alleged £5m per member pay packet with an attack on their "grossly immoral" earnings, aides were quick to clarify that he’d misheard the question. He was talking about the issue of executive pay.

The jury’s out on whether he actually knew what he was saying or not, but it’s easy to get confused between the band and a FTSE 100 company. Both One Direction and WPP, for example, were created by a sinister orange puppet master for the purpose of world domination. For my part, I think it unlikely Vince would want to take a swipe at a fellow outspoken, tousle-haired scamp like Harry Styles.

The point is it doesn’t matter. Whether the line was a smokescreen or a clarification, it was the right choice, and that is infuriating. The British public (or at least that rabid segment of it represented on Twitter) seemed satisfied with Cable’s explanation. Attacks from directioners are disappointingly few. So why are we happy to indiscriminately lash out at the inflated pay packets of the suits while letting the quiffs keep their cocaine summer houses and personal fleets of ice cream trucks?

It’s true that executive pay is an important issue. According to the FT, the median pay of a FTSE 100 chief exec has risen 266 per cent since 2000, while that of the average worker has risen a mere 40 per cent. Perhaps this direct and rather alarming comparison between the pay of CEOs and those of us at the bottom makes anger easier to come by.

While last year’s "shareholder spring" was a step in the right direction - a third of FTSE 100 CEOs who have disclosed their salary for 2013 have frozen their pay -  this year may be quieter. Despite outspoken opposition from Standard Life’s Guy Jubb, BP’s remuneration report passed last week with 93 per cent of shareholders in favour. 

However, there is a qualitative difference between the pay of a pop star and the pay of many executives. One Direction’s pay is, more or less, reflective of how much money they bring in for their label and management. Doubtless, they do this well, and they deserve to see much of that money. However, a Chief Executive generally has additional considerations knocking around his or her less photogenic head. As Jonathan Guthrie pointed out last week, BP’s Bob Dudley has to meet objectives in thirteen categories to get his bonus. One of them is "upstream major project delivery". Surely the man deserves a few thou for even knowing what that means.

The concern is that CEOs are being dragged into bash a banker hoo ha hour - post-crisis Britain’s favourite entertainment show. If the main swell of the pay debate ceases to be conducted along reasonable lines, CEOs won’t listen even to reasonable objections. Many of them earn too much, and few if any of them have the bewitching charm of Zayn Malik, but we should acknowledge that CEOs do a complicated job, and remuneration needs to account for that in a manner which is satisfactory for both sides.

Photograph: Getty Images

Josh Lowe is a freelance journalist and communications consultant. Follow him on Twitter @jeyylowe.

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The UK must reflect on its own role in stoking tension over North Korea

World powers should follow the conciliatory approach of South Korea, not its tempestuous neighbour. 

South Korea’s president Moon Jae-in has done something which took enormous bravery. As US and North Korean leaders rattle their respective nuclear sabres at one another, Jae-in called for negotiations and a peaceful resolution, rejecting the kind of nationalist and populist response preferred by Trump and Kim Jong-un.

In making this call, Jae-in has chosen the path of most resistance. It is always much easier to call for one party in a conflict to do X or Y than to sit round a table and thrash through the issues at hand. So far the British response has sided largely with the former approach: Theresa May has called on China to clean up the mess while the foreign secretary Boris Johnson has slammed North Korea as “reckless”.

China undoubtedly has a crucial role to play in any solution to the North and South Korean conflict, and addressing the mounting tensions between Pyongyang and Washington but China cannot do it alone. And whilst North Korea’s actions throughout this crisis have indeed been reckless and hugely provocative, the fact that the US has flown nuclear capable bombers close to the North Korean border must also be condemned. We should also acknowledge and reflect on the UK’s own role in stoking the fires of tension: last year the British government sent four Typhoon fighter jets to take part in joint military exercises in the East and South China seas with Japan. On the scale of provocation, that has to rate pretty highly too.

Without being prepared to roll up our sleeves and get involved in complex multilateral negotiations there will never be an end to these international crises. No longer can the US, Britain, France, and Russia attempt to play world police, carving up nations and creating deals behind closed doors as they please. That might have worked in the Cold War era but it’s anachronistic and ineffective now. Any 21st century foreign policy has to take account of all the actors and interests involved.

Our first priority must be to defuse tension. I urge PM May to pledge that she will not send British armed forces to the region, a move that will only inflame relations. We also need to see her use her influence to press both Trump and Jong-un to stop throwing insults at one another across the Pacific Ocean, heightening tensions on both sides.

For this to happen they will both need to see that serious action - as opposed to just words - is being taken by the international community to reach a peaceful solution. Britain can play a major role in achieving this. As a member of the UN Security Council, it can use its position to push for the recommencing of the six party nuclear disarmament talks involving North and South Korea, the US, China, Russia, and Japan. We must also show moral and practical leadership by signing up to and working to enforce the new UN ban on nuclear weapons, ratified on 7 July this year and voted for by 122 nations, and that has to involve putting our own house in order by committing to the decommissioning of Trident whilst making plans now for a post-Trident defence policy. It’s impossible to argue for world peace sat on top of a pile of nuclear weapons. And we need to talk to activists in North and South Korea and the US who are trying to find a peaceful solution to the current conflict and work with them to achieve that goal.

Just as those who lived through the second half of the 20th century grew accustomed to the threat of a nuclear war between the US and Russia, so those of us living in the 21st know that a nuclear strike from the US, North Korea, Iran, or Russia can never be ruled out. If we want to move away from these cyclical crises we have to think and act differently. President Jae-in’s leadership needs to be now be followed by others in the international community. Failure to do so will leave us trapped, subject to repeating crises that leave us vulnerable to all-out nuclear war: a future that is possible and frightening in equal measure.

Caroline Lucas is the MP for Brighton Pavilion.