The pay of Britain's top directors soared by more than a quarter last year, a rise seven times the rate of the average worker's wages, a new survey has suggested.
The annual survey for the Guardian newspaper and consultancy Reward Technology Forum suggested executive pay, which rose 28 per cent last year, was also rising at 11 times the current rate of inflation.
It compared with rises of 16 per cent for directors in 2004, 13 per cent in 2003 and 23 per cent in 2002.
The average pay for a chief executive was now £2.4m, while the going rate for a finance director is £1.1m, it added.
Eight chief executives had basic salaries – before bonuses or other rewards – of more than £1m, or nearly £20,000 a week.
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