UNISONActive is an unofficial blog produced by UNISON activists for UNISON activists. Bringing news, briefings and events from a progressive left perspective.

Friday, 28 October 2011

Top directors’ total earnings rise 49pc

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