Executive bonuses survive recession.CHIEF executives are still receiving bonuses of more than pounds 500,000 even though the payouts have fallen by almost a third in the past year, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. new research today. Incomes Data Services said the 29% slump Slump A temporary fall in performance, often describing consistently falling security prices for several weeks or months. was the largest setback setback In architecture, a steplike recession in the profile of a high-rise building. Usually dictated by building codes to allow sunlight to reach streets and lower floors, the building must take another step back from the street for every specified added height interval. in the growth of bonuses paid to leading bosses over the last decade. But the pay analysts said shareholders may question whether bonus schemes were sufficiently challenging because of the current level of payments despite the scale of the recession. As bonuses dipped, FTSE-100 chief executives received salary increases several times the rate of inflation, averaging 7.4% in the past year, said the report. Average bonus payments fell from pounds 707,000 in 2007/08 to pounds 502,000 in 2008/09, according to the research. |
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