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29/08/2001
UK’s top directors pay increase is five times the average rise
A survey for The Guardian newspaper by compensation consultants Inbucon has revealed that Britain's top directors received an average pay rise of 28 per cent last year, more than five times higher than the rise in the UK's average wage.
The figures were calculated from the annual reports of all the FTSE 100 companies, and include bonuses and share options as well as basic pay.
The survey found that more than 140 executives at FTSE 100 companies took home at least £1 million last year.
The newspaper revealed that many of the highest paid executives made most of their money through performance related schemes such as share options. This was despite a poor share performance by many companies in the period.
Removing the effect of bonus schemes, the survey found that base salaries rose by an average rise of 22 per cent.
Latest government figures showed average pay rises across the whole economy was 4.8 per cent in the period to June, while in the year to December 2000 the average rise was 5 per cent. (MB)
The figures were calculated from the annual reports of all the FTSE 100 companies, and include bonuses and share options as well as basic pay.
The survey found that more than 140 executives at FTSE 100 companies took home at least £1 million last year.
The newspaper revealed that many of the highest paid executives made most of their money through performance related schemes such as share options. This was despite a poor share performance by many companies in the period.
Removing the effect of bonus schemes, the survey found that base salaries rose by an average rise of 22 per cent.
Latest government figures showed average pay rises across the whole economy was 4.8 per cent in the period to June, while in the year to December 2000 the average rise was 5 per cent. (MB)
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04 March 2002
Top Consignia directors decline 10 per cent pay hike
Two senior directors of postal company Consignia have decided not to accept a 10 per cent pay rise following anger among postal unions.
Top Consignia directors decline 10 per cent pay hike
Two senior directors of postal company Consignia have decided not to accept a 10 per cent pay rise following anger among postal unions.
21 August 2001
UK chief executives see pay package rise
Chief executives across the UK's leading companies have seen their pay packages rise by almost 15 per cent during the past 12 months. The new survey by Pricewaterhousecoopers subsidiary, Monk Partnership, revealed that the new figures had pushed the average salary above the £500,000 mark.
UK chief executives see pay package rise
Chief executives across the UK's leading companies have seen their pay packages rise by almost 15 per cent during the past 12 months. The new survey by Pricewaterhousecoopers subsidiary, Monk Partnership, revealed that the new figures had pushed the average salary above the £500,000 mark.
05 April 2002
Prudential pay increase comes in for criticism
UK insurer Prudential has come under attack after it emerged that its board awarded itself a 44 per cent pay rise in 2001, while most of the company's staff got less than four per cent.
Prudential pay increase comes in for criticism
UK insurer Prudential has come under attack after it emerged that its board awarded itself a 44 per cent pay rise in 2001, while most of the company's staff got less than four per cent.
31 October 2001
‘Fat cat’ pay continues to rise
New research by the Incomes Data Services (IDS) has revealed that despite government moves to clamp down on "fat-cat" salaries, boardroom pay continues to grow. In their survey IDS calculated that basic salaries of chief executives in FTSE 100 companies jumped by an average of 14.8 per cent in the 12 months to July.
‘Fat cat’ pay continues to rise
New research by the Incomes Data Services (IDS) has revealed that despite government moves to clamp down on "fat-cat" salaries, boardroom pay continues to grow. In their survey IDS calculated that basic salaries of chief executives in FTSE 100 companies jumped by an average of 14.8 per cent in the 12 months to July.
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