The debate on whether the massive salaries paid to chief executives of the
UK’s biggest companies are justified will be reignited following research by
Incomes Data Services which found
that their average wage rose 43% in one year.
According to IDS, the chief executives of the country’s 100 largest listed
companies earned an average of £2.9m in 2005-6, up sharply from £2m the previous
This means that the typical boss earns 86 times more than a typical employee.
Top of the list was Sir Martin Sorrell, head of advertising firm
WPP, who earning £17.1m in total remuneration.
Next in line was Michael Davis from mining group
Xstrata who earned £15.3m, followed by
Bart Becht from pharmaceutical group Reckitt Benckiser, who earned £13.6m.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016