FTSE 100 directors saw their total earnings rise by 49 per cent in the past financial year, taking the average to just under £2.7m, according to research by Incomes Data Services, the pay monitoring group. So we're all in it together are we?
http://link.ft.com/r/J0VG55/7AXBZT/A7D92C/
NJRT73/HYJ737/FW/t?a1=2011&a2=10&a3=27 and http://www.bbc.co.uk/news/business-15487866
This follows last month's revelation that average bonuses for directors of FTSE 350 companies had risen by 187% since 2002, without a corresponding rise in share prices. The High Pay Commission reported that average annual bonuses were worth 48% of salary in 2002, but are now 90%. Commission chair Deborah Hargreaves said it was a "myth" that big bonuses meant companies performed better. http://www.bbc.co.uk/news/business-14781254
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