Chief executive pay in the NHS has stalled at an average of £157,500 as a result of the Government’s salary freeze.
Figures from the Incomes Data Services (IDS) highlighted the end of the long-term trend of high wage growth in NHS boards.
The findings...
Conditions surrounding the long-term bonuses for Barclay’s top executives have been altered.
Following pressure from shareholders, the bank has changed the terms of Chief Executive, Bob Diamond and Finance Director, Chris Lucas’ payouts.
Under the new...
City investors have made a stand against excessive executive pay.
A group of asset managers and pension fund managers has spoken out against “disproportionate” bonus rises and has called for unwarranted payouts to be clawed back.
The investors said in a...
The boss of car maker Lotus will receive a bonus payment if the firm is brought by another organisation.
According to reports, Chief Executive, Dany Bahar, has a clause in his contract which entitles him to five per cent of the enterprise value if the group is sold or five per...
Remuneration awarded to the Chief Executive of Barclays has fallen under the spotlight after the Association of British Insurers (ABI) issued an alert.
The ABI has reportedly sent its members a warning about Bob Diamond’s £17.7 million pay deal. In particular, it...
More than 60 per cent of city workers have seen their bonus fall or disappear altogether, according to Hays.
Of those who received a low reward, 60 per cent said they would consider leaving because of it. However, the research highlighted that more than half were thinking about...
Base pay in the financial services sector is to rise by an average of 2.5 per cent, but there are significant disparities worldwide.
Data issued by Mercer highlighted that those in the Asia-Pacific area are anticipating increases twice as high as their European, Middle Eastern, African...
Investment bankers at Barclays have benefited from £28 million in share awards, with two individuals receiving around £10 million each.
Following regulatory disclosures, it has been revealed that the payments consisted of deferred bonuses which were awarded between...
Staff at the John Lewis Partnership are likely to experience a drop in their annual bonus following a downward high street trend.
The retailer, which has not seen a cut in bonuses for three years, is forecast to make a payout of around 12 to 14 per cent of salary. This will be...
The Chief Executive of the Royal Bank of Scotland is to receive a £600,000 windfall just weeks after waiving a £1 million bonus.
Stephen Hester is one of several bankers at the institution who is to receive part of an £11 million payout from work relating to three...
BP is set to pay its former Chief Executive a share bonus worth an estimated total of £600,000.
Tony Hayward is in line to receive a reward for the company’s performance during 2009–2011, despite resigning from BP in November 2010 over the Gulf of Mexico oil disaster...
Calls to end corporation tax relief for pay and bonuses could generate £1.7 billion a year, according to the Trades Union Congress (TUC).
In its Bonus Season report, the TUC suggests that the relief should be scrapped for those in banking and financial services. However, it is...
An investigation into the Government’s involvement with pay and bonuses at state-backed banks is to be launched.
The Treasury Select Committee wants to ensure that “interference” from the Coalition is not having a negative impact on the institutions....
HSBC has decided to sell shares in order to fund non-deferred bonus payments.
In a pay deal agreed in conjunction with the Financial Services Authority (FSA), the bank will create new shares which will be sold to reward its highest-paid staff the non-deferred element of their...
The two largest banks in France are to halve the bonuses awarded to their traders, following a drop in year-on-year profits.
Societe Generale revealed that it had suffered a 39 per cent drop in yields, and its investment arm had suffered a 63 per cent reduction. The cut in...
