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13-10-2014, 10:14 AM
Senior executives earning rose by 21%, while average labor pay rose only 0.6%. The income gap will persist and widen...
Earnings of FTSE 100 executives rise a fifth as incentives climb
LONDON - Directors at London-listed blue-chip companies earned 21 percent more in the 2013/14 financial year thanks to a steep rise in long-term incentives, a report showed on Monday.
The median annual earnings for directors at FTSE 100 companies was 2.43 million pounds ($3.9 million), with chief executives at 3.34 million, employment research firm Incomes Data Services (IDS), part of Thomson Reuters, said.
Earnings pegged to long-term incentive plans rose by 44 percent and bonus payments were 14 percent higher, while basic salaries gained only 2.5 percent over the period.
"Salary rises may be modest but this can be more than made up for by the receipt of incentive payments. When such incentives pay out, they can pay out substantial sums, giving a significant boost to directors' earnings," said Steve Tatton, editor of the IDS report.
Britain's latest labor market statistics showed a 0.6 percent year-on-year rise in pay including employee bonuses from May to July.
...
http://www.todayonline.com/business/earn...ives-climb
Earnings of FTSE 100 executives rise a fifth as incentives climb
LONDON - Directors at London-listed blue-chip companies earned 21 percent more in the 2013/14 financial year thanks to a steep rise in long-term incentives, a report showed on Monday.
The median annual earnings for directors at FTSE 100 companies was 2.43 million pounds ($3.9 million), with chief executives at 3.34 million, employment research firm Incomes Data Services (IDS), part of Thomson Reuters, said.
Earnings pegged to long-term incentive plans rose by 44 percent and bonus payments were 14 percent higher, while basic salaries gained only 2.5 percent over the period.
"Salary rises may be modest but this can be more than made up for by the receipt of incentive payments. When such incentives pay out, they can pay out substantial sums, giving a significant boost to directors' earnings," said Steve Tatton, editor of the IDS report.
Britain's latest labor market statistics showed a 0.6 percent year-on-year rise in pay including employee bonuses from May to July.
...
http://www.todayonline.com/business/earn...ives-climb
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