Nicola Horlick on High Pay Commission's salary report
25 November 2011 Last updated at 11:26 GMT
Fund manager Nicola Horlick said the pay of some of the top people in the world of business could be justified, despite criticism in a High Pay Commission report.
She said the widening gap between salary levels was a major concern although she had no problem with people being well paid if they delivered.
The report from the left-leaning pressure group Compass, with support from the Joseph Rowntree Charitable Trust, said excessive pay at the top of UK companies was having a "corrosive" effect on the economy.