Executives' Packages Rise by More Than 12 Times Inflation

The HeraldApril 14, 2004

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Summary


PAY packages for chief executives at the 10 largest UK companies rose by more than 12 times the rate of inflation in 2003.

The bulk of the rises took the form of benefits other than basic salaries, which rose by a more modest 3%, a survey by consultants Independent Remuneration Solutions (IRS) showed.

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Executives' Packages Rise by More Than 12 Times Inflation

Salaries accounted for only 16% of total remuneration as chief executives picked up an array of re...

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