Executive compensation in the UK is quickly closing the gap with the USA, according to a new report by the FSA. The study found that total earnings by chief executives at British blue-chip companies have doubled over the past five years. Another study conducted at the University of Pennsylvania showed that US CEOs' average pay was 1.6 times that of their UK counterparts in 2003, down from 2.2 times six years ealier. Some are blaming compensation consultants for these mishaps as those are the ones that help align CEO incentives with shareholder interests. Others suggest that the government should impose regulatory caps, but history has shown that government intervention creates many more problems than it solves.