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28 Nov 2002
The average basic salary for FDs has risen to £350,000, plus £225,000 in short-term, performance-related bonuses and other perks worth £30,000, according to this year's FD salary survey carried out by Accountancy Age's sister title Financial Director.
Seven FDs are in the million-pound bracket: Man Group's Peter Clarke (£1.73m); Vodafone's Ken Hydon (£1.33m); GSK's John Coombe (£1.33m); Diageo's Nick Rose (£1.26m); BP's John Buchanan (£1.15m); Reckitt Benckiser's Colin Day (£1.14m); and Unilever's Rudy Markham (£1.09m).
Two other FDs were within a whisker of the seven-figure mark: Amvescap's Robert McCullough - the UK's first million-pound FD two years ago - on £987,000 and Tesco's Andrew Higginson's on £974,000. Friends Provident FD Martin Jackson enjoyed the biggest rise of the year. His package jumped 69% to £365,000. But spare a thought for Sage's Paul Harrison. With a total pay package of £192,000, he was the lowest earning FD in the FTSE-100.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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