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The scale of pay deals on offer is illustrated by Sir Martin Sorrell – the founder and chief executive of WPP – who stands to receive almost £70m for 2015.
O'Grady's comments in the Mirror follow a story in yesterday's Daily Mail reporting that Channel 4 was set to axe O'Grady because he was refusing to accept the scale of pay cut the broadcaster had asked him to take.
Cleverly constructed deals between management, agents and their clients, with all-important secrecy clauses, arguably increases the likelihood that the true scale of pay may never see the light of day.
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In July, Lord Patten told the PAC he was "shocked and dismayed" by the scale of pay-offs and said that should Mr Thompson be called before MPs he would be as interested as they were to hear why the trust had not known about them.
Several years ago, it was controversial to say that a fledgling product called Android — not the hyped up purchase of YouTube– would be Google's best bet at another hit on the scale of paid search.
The Off Broadway companies work under contracts with the Society of Stage Directors and Choreographers and Actors Equityy that guarantee certain scales of pay (hardly rich) to artists.
But it is unlikely to be the last launched by shareholders disgruntled by the scale of executive pay.
The scale of the pay five years on from the banking crisis prompted TUC general secretary Frances O'Grady said to say it justified the EU cap on bonuses.
The timing and scale of the pay rise being proposed for Sorrell, who is widely admired for his business acumen and commitment to WPP, has surprised investors.
For the first time, the EBA published more detail about the scale of the pay deals on offer, building on disclosures that began in 2008, when the financial crisis led to clamour for more information about bankers' pay.
Britain's biggest union, Unite, described the scale of the pay as an "outrage" given that some of its members at HSBC take home £14,000 a year and are facing changes to their pension schemes and holidays.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com