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 BBC election debate: The one photo that summed up the whole 90-minute leaders debate
- 2 18th century sex toy found in 'toilet of sword fighting school' in Poland
- 3 US? China? India? The 10 biggest economies in 2030 will be...
- 4 'I wish my teacher knew...': Young students share their 'heartbreaking' worries in notes
General Election 2015: David Cameron catching up in polls – but he badly needs a clear lead
South Africa xenophobic attacks: Shops looted and violence on streets of Johannesburg as foreigners are forced to hide in police stations
18th century sex toy found in 'toilet of sword fighting school' in Poland
'I wish my teacher knew...': Young students share their 'heartbreaking' worries in notes
Rebecca Francis accuses Ricky Gervais of using 'influence' to target female hunters after receiving barrage of death threats
The only black face in the Ukip manifesto is on the page about overseas aid
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
iJobs Money & Business
£20000 - £25000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£50000 - £667000 per annum + excellent benefits : Ashdown Group: IT Manager / ...
£13000 - £20000 per annum: Recruitment Genius: Scotland's leading life insuran...
£40000 - £45000 per annum + benefits : Ashdown Group: Training Programme Manag...