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...
MPs’ pay and pensions are being reviewed by the Independent Parliamentary Standards Authority (IPSA).
The Government has given IPSA the power to decide on the remuneration arrangements for MPs, who currently receive a wage of £65,738.
The Authority...
The former Chief Executive of Co-op’s banking division received more than £4 million after leaving the institution.
The compensation payments, including £1.4 million for “loss of office”, were awarded to Neville Richardson. The amount was made up of...
Shareholders at Citigroup have voted against a £9.4 million pay package for its Chief Executive Officer, Vikram Pandit.
More than half were against the proposals, which set out compensation arrangements for five of the bank’s top executives, including Pandit.
...
Pay awards should be linked to performance and not be based on shareholder votes, according to the Confederation of British Industry (CBI).
In response to the Government’s consultation on investor voting rights, the CBI has argued that transparency of remuneration should be the...
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...
Reward levels at Royal Dutch Shell more than doubled during 2011.
The oil giant’s annual report showed that total remuneration for its top 19 directors and senior management team increased from £26.8 million to £54.7 million. This was attributed to “high...
Shareholders could have binding votes on remuneration policies.
Business Secretary, Vince Cable, has launched a consultation on providing these investors with greater influence over executive pay.
The main components are an annual vote on future reward policy and a higher...
Reward will always be about more than cash. That’s because we know more about non-financial reward than we used to, says Mark Childs.
The term “total reward” is here to stay. Whatever the fashion in pay and benefits at a point in time, reward will always be a mixture of the financial and non-financial. What is true, however, is that the balance between the two is never constant. With real incomes under pressure, the...
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...
This year’s pay rises will reach an average of three per cent, marginally above inflation of 2.9 per cent, according to Towers Watson Data Services.
The Salary Budget Planning Report found that wage increases in Western Europe will be around three per cent. However, the...
Pay expectations are at the highest level since 2009, according to the Chartered Institute of Personnel and Development (CIPD).
Across the public and private sectors the average salary prediction was 1.7 per cent, up from 1.3 per cent at the same time last year. In the private arena...
Giving shareholders power to veto pay deals is fraught with issues, explains Janvi Patel.
Plans, which were recently announced by Business Secretary Vince Cable in his address to MPs, aim to increase shareholders’ powers. It will achieve this by making firms’ remuneration reports easier to understand, and requiring them to explain executive salaries in relation to the...
