more-arw search

Executive compensation rises for FTSE CEOs

Executive compensation for the chief executive officers of FTSE 100 firms has

Executive compensation for the chief executive officers of FTSE 100 firms has been increasing in 2012, according to the results of the most recent Manifest/MM&K Executive Director Total Remuneration Survey for 2012.

The results of the survey indicated that the heads of the FTSE 100 companies received pay increases that averaged 12 percent in 2011. This contrasted with most of their employees, who received meager increases in their remuneration. The top 25 percent of the executives in these companies received pay that increased an average of 41 percent.

Bob Diamond, who serves as the CEO of finance firm Barclays PLC, was singled out as the highest-paid FTSE 100 executive of the year, bringing in £20.9 pounds of "realizable remuneration," which includes payment stemming from salaries, share options, and long-term bonuses.

In reference to the findings on the most recent survey, Cliff Weight, Director of the independent remuneration consultant MM&K, stated that "these results highlight two things. First, that the main problems with corporate governance and pay are in the very largest companies, where directors’ remuneration is only a small percentage of costs, profits and shareholder value and there is little to stop remuneration continuing to increase."