Not just bankers then?

Side deals push head teacher's pay to £400,000
A Comprehensive head teacher has been paid more than £400,000 in a single year after clinching a series of lucrative deals including a contract to work as “project manager” on a development at his own school. Sir Alan Davies, knighted in 2000 after turning round academic results at Copland community school in Wembley, northwest London, was suspended earlier this year. He is undergoing disciplinary proceedings for gross misconduct. He and senior colleagues are also alleged by auditors to have made “nepotistic” appointments, including three relatives of Davies. The scandal at Copland highlights the growth of a culture of bonuses and “consultancy” contracts to boost the pay of state school head teachers.