{"id":6598,"date":"2011-09-05T22:51:26","date_gmt":"2011-09-05T21:51:26","guid":{"rendered":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/?p=6598"},"modified":"2011-09-07T17:42:02","modified_gmt":"2011-09-07T16:42:02","slug":"could-you-survive-on-4-5-million-a-year","status":"publish","type":"post","link":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/?p=6598","title":{"rendered":"Could you survive on pay of \u00a34.5 million a year?"},"content":{"rendered":"<p>The economic recession has resulted in falling real incomes for most UK households. We are told that we are all in this together &#8211; but is that true? How are our most senior executives fairing in these troubled times?<\/p>\n<p>According to a study commissioned by the  <a href=\"http:\/\/highpaycommission.co.uk\/\">High Pay Commission<\/a>, leaders of Britain&#8217;s top 100 companies saw their pay  packages jump by an average of \u00a31.3m to almost \u00a34.5m last year, the  biggest leap in nine years,. The average pay deal for a FTSE 100 chief  executive soared from \u00a33.09m to \u00a34.45m last year as business leaders  were able to enjoy record windfalls from share-based incentive schemes,  thanks to a sharp bounce in the stock market.<\/p>\n<p>The study also reveals that:<\/p>\n<ul>\n<li>In 2002, for on-target performance, FTSE 100 lead executives received a bonus worth <strong>48% of salary<\/strong>.  In 2010, for the same level of performance, a FTSE 100 lead executive\u2019s bonus was worth <strong>90% of salary.<\/strong><\/li>\n<li>The increase in bonuses has not come at the expense of absolute rises in salary with salaries increasing <strong>63.9%<\/strong> over the last 10 years.<\/li>\n<li>In 2002, the median maximum grant of shares that a FTSE 100 lead executive could be awarded was <strong>100%<\/strong> of salary.  In 2010, this has risen to <strong>200%<\/strong> of salary.<\/li>\n<li>The average value of Long Term Incentive Plan (LTIP) awards paid out to lead executives across the FTSE 350 has <strong>gone up over 700% since 2000<\/strong>.<\/li>\n<\/ul>\n<p>You can read the full report <a href=\"http:\/\/highpaycommission.co.uk\/wp-content\/uploads\/2011\/09\/HPC-DPperformance.pdf\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The economic recession has resulted in falling real incomes for most UK households. We are told that we are all in this together &#8211; but is that true? How are our most senior executives fairing in these troubled times? According to a study commissioned by the High Pay Commission, leaders of Britain&#8217;s top 100 companies [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6598","post","type-post","status-publish","format-standard","hentry","category-british-current-affairs"],"_links":{"self":[{"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/posts\/6598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6598"}],"version-history":[{"count":8,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/posts\/6598\/revisions"}],"predecessor-version":[{"id":6615,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=\/wp\/v2\/posts\/6598\/revisions\/6615"}],"wp:attachment":[{"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6598"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.rogerdarlington.me.uk\/nighthawk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}