Your objection to Carney´s salary, though correct, is a very petty minded objection not worthy of FT.

Sir, I questioned Mark Carney´s appointment to become the next governor of the Bank of England based on the fact that as the current chairman of the Financial Stability Board he was one of those regulators who did not understand the distortions that their capital requirements based on perceived risks were causing, and therefore he could be of no real service to the real economy of Britain. 

That is a real objection! Your objection to Carney, “True cost of Carney”, December 22, based on his high salary, though correct, is a very petty minded objection not worthy of FT. 

PS. In another effort to make you understand the Basel II distortions I invite you to read a comment where I explain these in terms of the distortions similar regulatory changes to the pay-out for roulette bets would cause.