Company bosses pay growth slows; ECONOMY TODAY: PAY.
Average executive director pay within FTSE 100 companies rose by 1% last year, while salaries were frozen within FTSE 250 firms - falling short of the 2.5% national average, according to Pricewaterhouse-Cooper's annual report on executive compensation.
The study also found that one in six blue-chip company directors did not receive a bonus as the recession savaged UK corporates in 2009, while bonus payments that were made were slashed by around 20%.
PWC said average total pay, including benefits, of FTSE 100 bosses was pounds 3m.
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|Publication:||The Journal (Newcastle, England)|
|Date:||Jan 21, 2010|
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