CONTACT

News

25 November 2022

Visiting the London School of Economics: Y13 trip

Visiting the London School of Economics: Y13 trip

A few weeks ago, in one of their Economics classes, our Y13 students were presented with an unusual - but extremely interesting - question: should company CEOs be so highly paid? 

Patrick, our Business and Economics teacher, had come across a book called “If you are so ethical, why are you so highly paid?” by Alexander (Sandy) Pepper, that posed the same questions to its readers.

The author of the book definitely planted a seed in our students’ minds, and gave them the opportunity to reflect on salaries, wages, and inequality in modern society. 

For this reason, following a class debate, our Y13 students were given the opportunity to attend a conference at the London School of Economics (LSE) on Monday 21st of November, held by Sandy Pepper himself!

The conference was attended by people of all ages and backgrounds, including LSE students, lawyers, sociologists, bankers. 

After an introduction about how CEO’s pay has grown in the past decades, based on a study that included 256 CEOs across 20 different industries, Sandy Pepper opened a Q&A session. The author was then asked about his point of view and his ideas on how society should change moving forward. 

One of our students, Solomon (Sisi), also asked a question, as he wondered why today there is such a focus on being ethical, in opposition to how society worked in the past. After discussing this, Sisi agreed that there should be a pre-agreed maximum amount that the CEO salaries should reach. 

The EIC students were all extremely fascinated by the conference, and explained that, not only was it a great opportunity for reflection, but also taught them new terminology, and new points of view on how our economy works in modern society. 

Sisi explained that most of what was discussed at the conference is not covered in an Economics syllabus, and added:

“This conference has furthered my knowledge of Economics as a whole. One example is the concept of Entitlement in the context of work pay, as well as deepened my understanding of the concept of Free market. Also, joining this event at the LSC campus was definitely eye-opening, and allowed me to think about how the income distribution is heavily skewed towards people at the top”. 

Many of our Y13 are eager to mention their participation to the conference on their personal statement for their UCAs applications, and will read Pepper’s book, if they haven’t done so already. 

  • 28

    Feb

    Amazing Biology Presentation - Nourulhuda Mohammad

    "Ever heard of the endoplasmic reticulum? Yeah, it sounds kinda complex, but stick with me, and you'll see it's not as complicated as it seems."

  • 26

    Feb

    Monday Briefing 26th February 2024 - Don't Stop

    During my marathon training it occurred to me later in the day that the passage which I had gone through during my run was a similar journey to many o...

  • 19

    Feb

    The Monday Briefing - American Life

    Prior to half term, I had the huge pleasure of taking six students over to Boston in the United States for a Model UN trip at the prestigious Massachu...

  • 05

    Feb

    Monday Briefing - Time Stood Still

    On Friday, we hit the 100 day warning. 100 days to go until the commencement of the Summer Exams Series. Three figures, in days, still seem like a lon...

  • 29

    Jan

    The Monday Briefing - Borderline

    This week has been quite an interesting one in terms of boundary testing on the part of students.

  • 22

    Jan

    The Monday Briefing - Frozen

    This week has featured several meetings, gatherings and get togethers, all based around one theme: the importance of community.

  • 15

    Jan

    The Monday Briefing: Sanctuary

    “Redundancies. Lack of funding. A pandemic. All have contributed to a huge rise in children missing from class.” So began an article i...

  • 08

    Jan

    The Monday Briefing: She's Not Me

    “Give me six hours to chop down a tree and I will spend the first four sharpening the axe.” Abraham Lincoln Back in 2019, when it b...

  • 14

    Dec

    Parth's Interview: Teaching Physics at EIC

    With a focus on personalised learning and tailored support, our programs empower students to overcome obstacles and reach their full potential. Parth ...

  • 11

    Dec

    The Monday Briefing: Future

    The last week of term at the College is always taken up with mock exams, ensuring that students are kept honest, right up until the very last possib...

  • 04

    Dec

    The Monday Briefing: Incredible

    In many ways, he encapsulates the incredible power of setting oneself challenging goals, seemingly beyond the realms of possibility, and striving, thr...

  • 01

    Dec

    Scholarship Competition: Roland's Interview

    “It was extremely quick and easy with my parents filling out a form online. I then came into the school a few weeks later and sat a quick test no long...