This doesn’t, as it stands, show what people think it does:
Only a handful of top companies in continental Europe and the US are
led by UK executives, despite claims that high levels of boardroom pay
are essential to prevent a management brain drain.
If UK executive pay were at the correct level to attract the necessary talent, then you would not see many British executives running foreign companies: they would all be running UK ones. So the above can be rewritten:
Only a handful of top companies in continental Europe and the US are
led by UK executives, because of the high levels of boardroom pay essential to prevent a management brain drain.
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