TITLE

Boardroom pay continues to soar

PUB. DATE
December 2001
SOURCE
Accountancy;Dec2001, Vol. 128 Issue 1300, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the increase in boardroom pay in Great Britain as of December 2001. According to the latest Income Data Services survey, which was issued shortly after the government announced its intention to give shareholders the right to an annual vote on directors' pay, FTSE 100 directors' basic salaries jumped by an average of 14.8% in the twelve months to July. When bonuses are included in the equation, the total average remuneration package went up by as much as 18.3%. The survey revealed that chief executives took home an average pay packet of £538,000. This rose to a medium of £962,000, after bonuses and share option profits were included. The figures were significantly lower in FTSE 250 boardrooms, with average chief executive salaries of £300,000 and total annual earnings of £489,000. Finance directors in FTSE 100 companies were found to be earning an average basic salary of £319,000 and a total remuneration package of about £571,000.
ACCESSION #
6120447

 

Related Articles

  • FD PAY PACKETS JUMP 5% TO HIT £105K. Sweet, Pat // Accountancy;May2014, Vol. 152 Issue 1449, p70 

    The article discusses the salary survey by finance director (FD) and chief finance officer (CFO) recruiter FD Recruit, that found 105,000 British pounds to be average salary for FDs with most receiving salary and performance-related bonuses, increasing to 130,000 British pounds for top jobs. It...

  • Where've my million pounds gone? Hambly, Graham // Chartered Accountants Journal;Dec2009, Vol. 88 Issue 11, p64 

    The article focuses on the report from the magazine "Accountancy" concerning the salaries and bonuses of financial directors in Great Britain. The report says that the number of financial directors in 2009 with wages of 1 million pounds or more decreased to 40 out of 96 compared to the 2008...

  • LITERALLY SCANDALOUS. Bruce, Robert // Accountancy;Aug1998, Vol. 122 Issue 1260, p35 

    Examines the development and improvement of the role of the finance director. Taking companies forward into areas never pioneered before; Concept of maximizing shareholder value; Keeping the business focused as a brand.

  • 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...

  • The Key to Working with Senior Executives: Understand Corporate Plans. Coffman, Brett A. // Journal of Financial Planning;Oct2003, Vol. 16 Issue 10, p62 

    This article provides an overview of the most common corporate plans that Fortune 1000 senior executives participate in, planning opportunities, what to look for in corporate plan documents and how the data can be organized most effectively. The executive matrix is a framework for concisely...

  • Shareholders & Investors.  // Corporate Board;Sep/Oct2014, Vol. 35 Issue 208, p28 

    The article focuses on an article published in the periodical "ProxyPulse" on the support of the shareholder for executive compensation in 2014. The article reveals a study of 2,788 shareholder meetings held between January 1, 2014 and May 22, 2014 and shows that say-on-pay proposals failed to...

  • Compensation & Recruitment.  // Corporate Board;Nov/Dec2005, Vol. 26 Issue 155, p28 

    The articles focuses on the increasing salaries and workload of corporate directors in the United States. According to a study, times have changed quite dramatically for the directors of public U.S. companies. Directors spend more time and effort responding to the increased demands of...

  • Cash prizes. Poe, Randall; Courter, Carol Lee // Across the Board;Mar1995, Vol. 32 Issue 3, p5 

    Reports that chief executive officer (CEO) cash bonuses increased in 1994. Findings from Pearl & Partners' annual survey of large companies; Projections for 1995.

  • MEP warns industry to 'stay alert' over fresh EU bid to cap fund manager bonuses. Dale, Samuel // Money Marketing (Online Edition);7/26/2013, p11 

    The article offers information on the views of Syed Kamall, member of European parliament (MEP) on the European Union bid to cap fund manager bonuses. It states that European Parliament recently voted against capping fund manager bonuses under undertakings for collective investment in...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

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

Try another library?
Sign out of this library

Other Topics