"Responsible capitalism" has become the political catchphrase of the moment with efforts to clamp down on excessive executive pay heading the wish list for reform.

The anger at bankers' bonuses which erupted at the beginning of the financial crisis seems to have grown into a more general malaise about the pay gap between the richest "1%" and the rest of society.

Well that top 1% is in its element at the annual gathering of business and political leaders in the Swiss ski resort of Davos and business editor Robert Peston has been testing the mood.

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