Pay for directors "rose 50% in past year", a report claims
http://www.bbc.co.uk/news/business-15487866
Quote:
Pay for the directors of the UK's top businesses rose 50% over the past year, a pay research company has claimed.
Incomes Data Services (IDS) said this took the average pay for a director of a FTSE 100 company to just short of £2.7m.
The rise, covering salary, benefits and bonuses, was higher than that recorded for the main person running the company, the chief executive.
Their pay rose by 43% over the year, according to the study.
A statement from IDS said that that figure suggested that "executive largesse is evenly spread across the board".
Base salaries rose by just 3.2%, although that was above the median rise recorded by IDS this week for average pay settlements of 2.6% for private sector workers.
The latest consumer price inflation figures showed inflation at 5.2%.
Directors' bonus payments, on average, rose by 23% from £737,000 in 2010 to £906,000 this year.
Steve Tatton, who edited the IDS report, said: "Britain's economy may be struggling to return to pre-recession levels of output, but the same cannot be said of FTSE 100 directors' remuneration."
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The Thatcher legacy - greed, exploitation and **** the workers ..... :eek:
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