Survey: top bosses pay rose as performance fell


11:30 am - May 9th 2012

by Sunny Hundal    


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New BBC research has found that as the performance of top FTSE 100 bosses fell, their pay still rose well beyond the rate of inflation.

The typical pay of bosses at the majority of the UK’s largest publicly listed companies rose 11% last year to £3.65m.

In contrast, pay at companies in general across the UK rose by just 1.1%.

But did top bosses deserve their pay?

The same research found that shares of FTSE 100 companies fell by 6.6% over last year.

In other words they didn’t deliver value to their shareholders but still got huge pay rises.

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About the author
Sunny Hundal is editor of LC. Also: on Twitter, at Pickled Politics and Guardian CIF.
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Reader comments


1. Bob B

This was foreseen. Try James Burnham: The Managerial Revolution (1941):
http://en.wikipedia.org/wiki/James_Burnham


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  5. BevR

    Survey: top bosses pay rose as performance fell | Liberal Conspiracy http://t.co/PLz6qgbo via @libcon





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