BusinessCompany NewsFat cat executives get fatter

Fat cat executives get fatter

Executive pay continues to rise at more than double the rate for the typical office worker, new figures show.

Link: Fat cat Gent up for another £2m bonus

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.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor