UK: FTSE100 chief executive pay - IDS survey

Labels: board of directors, chief executive, director, directors remuneration, executive pay, remuneration, uk

Today's Financial Times reports the results of an Incomes Data Services survey of FTSE100 chief executives' pay. The report begins:

FTSE 100 chief executives have received inflation-busting pay rises averaging 7.4 per cent over the past year, almost making up for a 29 per cent drop in their bonuses, according to a report published Monday. Incomes Data Services, the pay research group, said company chiefs’ salaries were growing twice as fast as the pay of shop-floor workers. Their total remuneration fell just 1.5 per cent in spite of collapsing profits in one of the deepest postwar recessions, it said. Chief executives were still earning, on average, as much as in 2006, when the economy was booming".