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Company bosses pay growth slows; ECONOMY TODAY: PAY.

TOP bosses at the UK's biggest listed companies saw growth in basic pay fall behind the national average for the first time in a decade last year.

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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Title Annotation:Sport
Publication:The Journal (Newcastle, England)
Date:Jan 21, 2010
Words:113
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