Top finance chiefs' pay up 14%

October 2003
Accountancy;Oct2003, Vol. 132 Issue 1322, p5
Trade Publication
The average pay of FTSE 100 finance directors have rocketed to £660,000 in 2003 from £579,000--an increase of 14%. The FTSE 100 survey suggests that bonuses have become by far the most significant portion of overall remuneration, sometimes double the base salary. Often, however, total remuneration does not include additional share options awarded to executives. Regarding institute membership, the survey shows that while the Institute of Chartered Accountants in England and Wales still has the largest number of finance directors (FD) at 54, the number has slipped from 57 in 2002. Other institutes account for five FD, the same as 2002, while there are 16 FD belonging to no institute.


Related Articles

  • Vendor Execs Taking It On the Chin.  // Home Textiles Today;11/14/2005, Vol. 27 Issue 10, p1 

    The article reports that slightly more than half of the executives ranked in the Executive Compensation survey in the U.S. in 2005 took a pay cut, mostly in the form of lower or non-existent bonuses and worthless stock options. That can be compared to the three-year running average, in which...

  • Bonuses boost pay for FTSE 100 finance chiefs. Fisher, Liz // Accountancy;Oct2003, Vol. 132 Issue 1322, p27 

    The average remuneration of the finance directors (FD) of the FTSE 100 has shown a significant increase in 2003 to £660,000 from £579,000, a 14% increase. Accountancy's annual survey, based on disclosures in the available annual reports, suggests that bonuses have become the most...

  • BACKGROUND TO THE BAILOUT PETER BILL LOOKS AT THE DTZ PROSPECTUS.  // EG: Estates Gazette;1/10/2009, Issue 920, p15 

    The article discusses the remuneration package of Paul Idzik as group chief executive of DTZ. The former chief operating officer of Barclays has been guaranteed £1.75 million in pay, bonus and share options in his first year in the job. Idzik who started work for DTZ on November 3, 2008, will...

  • Amex CEO's Pay Package Grew.  // American Banker;3/23/2006, Vol. 171 Issue 56, p5 

    The article looks at the compensation that American Express Co. (Amex) gave chief executive Ken Chenault in 2005. Chenault's salary, including cash, stock, and options, rose 10% in 2005, to $23.6 million. His bonus was unchanged, at $6 million. Amex's profits from continuing operations jumped...

  • Options programs should be linked to execs' performance. Skarbeck, Ken // Indianapolis Business Journal;9/13/2004, Vol. 25 Issue 27, p38A 

    Looks at the different ways to compensate executives. Disadvantages of fixed-price corporate stock options; Advantages of linking compensation to factors within an executive's control; Markel Corp.'s rational executive compensation program.

  • Compensation story is in the incentives. Sakelaris, Linda // Pensions & Investments;5/3/1999, Vol. 27 Issue 9, p28 

    Reports that equity ownership and stock options continue to be a large part of the total compensation package received by executives at asset management firms. Results of the survey conducted by `Pensions & Investments' periodical; Trend of de-emphasizing salary in favor of incentives.

  • Unintended consequences. Rattle, Tom // Enterprise/Salt Lake City;08/02/99, Vol. 29 Issue 6, p13 

    Comments on the increasing use of stock options as part of the compensation package for corporations' top executives in the United States. Rise in value of stock options; Lack of accounting for the stock options; Transfer of a significant portion of the wealth of virtually all corporations to...

  • PAY UP. Cakebread, Caroline // Canadian Investment Review;Fall2008, Vol. 21 Issue 3, p5 

    The article discusses various reports published within the issue, including one on executive compensation by professors Lamia Chourou and Ezzeddine Abaoub, scrutinizing stock options in Canada and another by Stephen Sapp, who weighs in on the executive pay bulge debate.

  • OPT OUT. Monahan, Julie // Entrepreneur;Mar2003, Vol. 31 Issue 3, p20 

    Focuses on the flow of stock options into executive compensation plans in the U.S. Approaches to compensation strategies; Reassessment of financial incentives; Maintenance of fiscal health.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics