Reuters pre-empted criticism of its chief executive's salary

Reuters pre-empted criticism of its chief executive's salary yesterday, accompanying its full-year results with a justification for increasing the salary of Peter Job (above) by almost a third last year. A statement said his basic salary `was raised by 32 per cent for 1994, following a comparative review which supported the conclusion that his salary was relatively low compared with a UK peer group of global businesses'. Mr Job declined to name the peer group with which he had been compared. The statement also revealed that Mr Job's basic salary of £400,000 represented only two-thirds of his total remuneration last year, which at £600,000 included a 50 per cent bonus related to 1994's results.

Reuters leaves markets cold, page 34.