There is a license error on this site:

License has expired

The Web site remains functional, but this message will be displayed until the license error has been corrected.

To correct this error:

Ensure that you have a valid license file for the site configuration.
Store the license file in the application directory.

If you do not have a license file, please request one from EPiServer License Center.

Stefan Stern

Author and FT contributor

Stefan Stern has been writing about management and leadership for over two decades. He has worked for the BBC, Management Today magazine and the Financial Times, where he was the management columnist between 2006 and 2010. He continues to write for the FT, the Guardian and other publications. He is Visiting Professor in management practice at Cass Business School, City University, London. He is also director of the High Pay Centre, a think tank which looks at the issue of top pay.