Are FD pay rises obscene?

But away from the headlines (a Pounds 3m pay packet for Vodafone FD Ken Hydon, the fact that there are now six ‘million-pound men’ and so on) is a more interesting figure.

Over the five years the survey has been conducted aggregate FD pay has risen by an average of 7.8% a year. When compared to rises in average earnings that may be on the high side, but it’s hardly the nefarious nest-feathering we might have expected to see given some of the more lurid fat cat headlines of recent years.

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