Shareholders curb FTSE 100 remuneration
Nearly a third of Britain's biggest companies have frozen the salaries of their executive directors this year, while the average rise came in at 2.5 per cent after shareholder protests about pay, according to a survey.
Some 32 per cent of executive FTSE 100 company directors have seen their pay frozen, up from 27 per cent last year, representing a real-term decrease once inflation has been factored in, says the survey by FIT Remuneration Consultants.
However, 12 per cent of top-level executives bucked the trend, recording 12 per cent rises.
The median salary for a company's top-paid executive – typically the chief executive – is now £870,000, with finance directors averaging £515,000 and the other executive directors on £501,000.
Bonus levels came down by more than 15 per cent to stand at 69 per cent of the maximum possible, rather than 77 per cent. This equated to a median bonus of £865,000 for the chief executives, down from £1.04m last year, and of £464,000 for finance directors – down from £577,000.
- 1 The truth about 'girl things': Three cheers for Heather Watson's honesty
- 2 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 3 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 4 Tennis fan suing Australian Open organisers for 'failing to shade spectators' during Murray match
- 5 Men behaving badly: Urinating while standing, 'manspreading' and the gendering of selfishness
Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Rob Lowe hits out at White House decision not to meet Israeli leader
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign
Winston Churchill: From accusations of anti-Semitism to the blunt refusal that led to the deaths of millions
British Muslim leaders outraged after Eric Pickles says followers of Islam should 'prove their identity'
UK terror fears: My jihadist son returned from Syria mentally scarred – now he is being ignored
Nigel Farage: NHS might have to be replaced by private health insurance
Billy Crystal: 'Stop shoving gay sex scenes in my face'
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
iJobs Money & Business
Negotiable: Recruitment Genius: A Tax Assistant is required to join a leading ...
£16000 - £25000 per annum: Recruitment Genius: This is an exciting opportunity...
£45000 - £47000 per annum + bonus + benefits: Ashdown Group: Java Developer / ...
£35000 - £38000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...