Money talks, partners walk: how the pay gap between elite US and UK firms became a chasm

The US elite comfortably outstrip top UK firms on profitability - what are the key factors behind this huge disparity?

An underappreciated effect of the Great Recession is how it put on steroids the amounts by which elite US firms can outflank their UK counterparts on partner compensation.

As a consequence of higher profitability and wider compensation ranges, the most highly compensated partners at elite US firms now earn up to three times as much as their counterparts at traditional UK lockstep UK firms.

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