Executive pay keeps rising, Guardian survey finds

Guardian – 14/09/2009

The Guardian’s annual survey of boardroom pay has revealed a 10% rise in executive salaries. Full- and part-time directors of the FTSE 100 shared between them more than £1bn.

Although bonus payouts were down, basic salary hikes were more than three times the 3.1% average pay rise for ordinary workers in the private sector.

Commenting, Liberal Democrat Treasury spokesman, Vince Cable, said “The Guardian’s analysis shows the breathtaking cynicism involved in a lot of executive pay deals, which are unrelated to either personal or corporate performance and involve people who are very well off helping themselves to larger salaries when private sector wages in many companies are being cut.“

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