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 Rihanna 'nude photos' claims emerge on 4Chan as hacking scandal continues
- 2 Frank Lampard equalises for Manchester City against Chelsea: how Twitter reacted
- 3 Stamford Hill council removes 'unacceptable' posters telling women which side of the road to walk down
- 4 Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
- 5 Hitler’s former food taster reveals the horrors of the Wolf’s Lair
350 skinny dippers brave Northumberland seas for record attempt at mass naked swim
Rihanna 'nude photos' claims emerge on 4Chan as hacking scandal continues
Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
Jennifer Lawrence leaked 4Chan sex video branded 'fake' by forum users
Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
iJobs Money & Business
£80 - 100k + Bonus: Guru Careers: A COO / Chief Operating Officer is needed to...
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...