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FTSE 100 executive pay rises 55%, survey says | FTSE 100 executive pay rises 55%, survey says |
(about 1 hour later) | |
The pay received by chief executives of the companies listed in the FTSE 100 rose 55% this year, a survey has found. | The pay received by chief executives of the companies listed in the FTSE 100 rose 55% this year, a survey has found. |
Bosses earned an average £4.9m ($7.8m) each in the 12 months to June this year, up 34%, as bonuses returned to pre-crisis levels, according to research by Thomson Reuters. | |
Basic pay rose just 3.6%, but earnings were topped up by bigger bonuses and other incentives, the report said. | |
It confirms the findings of a report by accountants Deloitte Touche last month. | |
Across the broader FTSE 350 index of company stocks, the highest individual earner was Bart Becht, of household goods company Reckitt Benckiser, who received £92.6m. | Across the broader FTSE 350 index of company stocks, the highest individual earner was Bart Becht, of household goods company Reckitt Benckiser, who received £92.6m. |
The report by Income Data Services, a unit of Thomson Reuters, said shareholders were likely to be annoyed by what it called the "business as usual" approach to executive pay, after only a short period of restraint during the economic downturn. |
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