This Christmas may be jollier than usual for high-flyers, as salaries and annual bonuses for top executives get fatter than ever, writes Ros Davidson. A boardroom study by KPMG reveals that the median take-home pay of a FTSE 100 chief executive in 2005 was a hefty £2.3m, a pay hike of 9% from a year earlier.
Not that the tale of executive fat cats is new, especially in the City where bumper bonuses are the norm when the economy is bullish. A survey, by recruitment consultants Morgan McKinley and released last week, found that a quarter of City bankers expect to break out the bubbly at the year's end because their bonuses will have more than doubled.
guardian.co.uk / Business
No comments:
Post a Comment