While workers are being asked to take below-inflation pay increases to stop inflation, directors’ pay has increased by 6.1%, states a survey by Deloitte’s annual executive compensation study. They looked at the top 350 FTSE companies (except investment trusts).This survey does not tell the whole story. According to the Financial Times (08.09.08), "This understates total remuneration, because most top executives also receive a bonus worth on average of 157% of their salary last year. That is 10 to 15% higher than the previous year. Many also receive long-term stock awards that can be worth up to 165% of salary if performance targets are met".
