Friday, October 20, 2006

Massive rise in top bosses' pay


The average pay of the UK's top company bosses rose 43% last year, research by Incomes Data Services (IDS) has shown.

The chief executives of the country's 100 largest listed companies earned an average of £2.9m in 2005-6, up sharply from £2m the previous year.

It means that the typical boss earns 86 times more than a typical employee.

The report found that Sir Martin Sorrell, head of advertising firm WPP, was the highest paid, earning £17.1m in total remuneration.

See full Article.