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The 1% phenomenon in the UK

By: Cactus Flower in ALEA | Recommend this post (0)
Fri, 28 Oct 11 9:13 PM | 54 view(s)
Boardmark this board | The Trust Matrix 		Msg. 06161 of 54959
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http://www.businessweek.com/news/2011-10-28/u-k-ftse-100-executive-directors-average-pay-rises-by-49-.html

"Oct. 28 (Bloomberg) -- Individual earnings of executives on the boards of companies in the U.K.’s benchmark FTSE 100 Index rose 49 percent to an average of 2.7 million pounds ($4.35 million) in the past year, according to a report published today.

The increase was greater than the 44 percent gain that chief executive officers received, with their individual total earnings rising to 3.86 million pounds, London-based Incomes Data Services said on its website.

The average basic salary rise for directors was 3.2 percent. The additional compensation came from bonuses, benefits, long-term incentive plans and gains on the exercise of stock options."

CEOs only up 44%. That's alright then.

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