The figures have prompted the TUC to claim that ‘excessive’ pay packages clearly indicted there was one rule for workers and another for the executives when it comes to pay deals.
The Labour Research Department report said there were now 123 executives in listed companies earning more than £1m and that some directors saw their pay double over the last year.
Some 487 directors earned more than £500,000 while 360 earned between £500,000 and £1m.
Accountancy Age Jobs is delighted to announce the launch of a brand new look website for finance and accountancy professionals
The UK gender pay gap will not close until 2069 unless action is taken to tackle it now, according to new research by Deloitte
Three former Tesco executives, including the former finance director of Tesco UK, have been charged with fraud by the Serious Fraud Office in relation to a £263m accounting scandal at the retailer.
Deloitte chief executive David Sproul is among 11 chief executives to take part in global executive search firm Odgers Berndtson’s CEO for a Day scheme