But. (There's always one.) JP Morgan paid an average of £230k to its employees last year, while Bank of America gave an average $400k bonus to its investment bankers. Yet their cleaners were still on less than £7.85 an hour? Surely such wealthy corporations shouldn't need a Mayoral initiative to pay decent rates. However, they're doing it now so a big thumbs up - and with only 115 organisations signed up, an expectantly raised eyebrow in the direction of all the others.