Companies should switch to a salary-only model for executive pay if they want to bring down the size of pay packages and reduce inequality. Daniel Godfrey, a former of chief executive of the Investment Association and a co-founder of the The People's Trust—a new investment trust launched this year, proposes that a significant amount of the salary would be offered in shares bought monthly at a market price and held on a deferred basis for at least seven years. Godfrey said in the Financial Times: "This system would align incentives with long-term success. The fixed value of the shares purchased each month is not linked to performance, but t