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18 Oct 2002
On average, top executives working for FTSE 100 companies received an almost 10% increase in their salaries, with other cash elements of their earnings going up by almost 11%, according to Incomes Data Services.
The pay increase is set to enrage many investor groups who have lobbied against 'fat cat' salaries for executives especially where their companies under perform - this year has not been a good year for most listed companies in terms of share price growth and profitability.
The results did vary though - a fifth of directors in the FSTE 350 received pay increases of more than 25%, while almost a third saw their cash rewards fall.
Finance directors on the FTSE 100 received an average pay packet of £653,000.
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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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