Philip Bowman

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The Independent Online

In a table accompanying our article, 'We're all in it together? Company bosses enjoy £500,000 pay increases' ( 11 August 2010 ), we included percentage increases of remuneration for various executives. In the case of Philip Bowman, CEO of Smiths Group, we stated that the percentage increase was 31.2%. This was wrong. In fact his salary did not increase at all, on a like for like basis, and overall his remuneration package fell slightly .