Some researchers are less than optimistic about finding a solution to attract postdocs to India when higher remuneration packages are available in the West.
Speaking on BBC Radio 4's Today programme, Richardson said Oxford University, which recently secured the top slot on the international university league table, with Cambridge second, was operating in a "global marketplace" and competing with high remuneration packages offered at institutions overseas.
Higher remuneration (79.2%) and improved access to specialty training (78.5%) were the main factors mentioned.
Euan Sutherland, who quit as chief executive of the Co-operative Gronlyafter only 10 months in the job amid a high-profile row over his remuneration package, is to receive a £1m payoff.
Barclays shareholders have voted to approve the bank's remuneration package, which includes higher bonuses despite a 30% fall in profits.
In London, the TPA revealed the highest paid individual to be a professor at the London Business School who is receiving a remuneration package of £647,500.
He accepted an extraordinarily generous remuneration package.
He received a total remuneration package of £833,000.
In accordance to TPA data, Birmingham Metropolitan College's (BMet) principal and CEO emerged as the nation's highest earner with a salary amount of £298,000, followed by the head at Essex's Robert Clack School - with a remuneration package of £278,000.
Dimon's remuneration package, disclosed by the bank on Thursday night, is the latest sign that pay on Wall Street is returning to pre-crash levels as its biggest players post higher profits.
Tim O'Toole The FirstGroup chief executive's remuneration package was worth more than £1m last year.
