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Ftse 100 Executive Bonuses Close To Pre-Crisis Levels

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Executive bonuses are close to their level before the financial crisis, a survey by business advisory firm Deloitte says.

It found that the average bonuses for directors of FTSE 100 firms amounted to 100% of their basic salary, rising to 140% in the top 30 public companies.

However, Deloitte said the days of fast increases in executive salaries were over for the present.

And in mid-sized FTSE 250 firms, one in seven paid no bosses' bonus last year.

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While bonuses are set to be higher than last year in FTSE 100 firms, they will be lower in FTSE 250 companies, the report said.

'Political consequences'

The survey found that more than 50% of top companies would not increase the pay of executive directors in 2010 - which will be the second year in which many executives have had their wages frozen.

Any pay increases this year were likely to be about 3%, it said.

"Last year we saw a very large number of companies freezing executive salaries, but at the time it was difficult to predict whether this was a one-off," said Stephen Cahill of Deloitte.

"Now it appears that the years of executive salaries increasing at rates far in excess of inflation and the increase in average earnings are, at least for the moment, well and truly over.

"Companies are now recognising that increases for executives must be considered fair and reasonable in the context of current business circumstances and the pay and conditions for employees more generally."

Separately, the Mayor of London, Boris Johnson, has backed comments by the leader of the RMT Union, Bob Crow, that attacked bankers for accepting large bonuses.

Mr Johnson told the BBC: "Those distinguished, intelligent, highly remunerated people have got to understand the political consequences of doing nothing about the huge bonuses they are about to receive."

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the political consequneces of lining the bankers pockets via BoE sale and repo arrangements are near to f****** zero with our electoral system heavily stacked against anyone but the VI's tea bitchez.

and as for bob crow,he really should shut the f*** up about excessive exec pay,he can hardly preach with his own indirect taxpayer funded sinecure yielding him the sort of moeny working class people can only dream of. I saw an old HIGNFY show the otehr day and there was our bob lamenting that he had more in common with a Chinese factory worker than he did some poltician or other.Is that the chinese factory worker on a £110k per annum


'His basic pay rose from £84,923 in 2008 to £94,747 at the end of last year, according to figures published by the RMT.

And his overall pay package rose from £122,167 to £133,183 last year.

On top of this he claimed £9,989 in expenses and £2,376 in travel costs, taking his total income to £145,548.'


Crow lives in a housing association property in Woodford, Greater London, with partner Nicola Hoarau, with whom he has a daughter (born August 1993). He has another daughter, Kerry Anne Crow, from a previous marriage to Geraldine Horan.


Edited by juvenal
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