Bonus pay bonanza
Hope you spotted that Ian Dyson, finance chief at Marks & Spencer, virtually doubled his pay over the course of the year. He’s now on about £525,000 salary and a bonus of about the same amount, according to the annual report from M&S this week.
On figures based on survey last year that would make him one of the 20 highest paid FDs in the country, but I’m not sure that will turn out actually be the case.
FD’s pay appears – anecdotally at least – to be going through big rises, which means we could see everyone in the top flight receive big boosts to their wallets.
A headhunter friend told me recently that the recruitment for FDs was going wild, making it a sellers market. Watch out for the fat cat pay accusations any time soon.