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 Bosses' bonuses up by 187% since 2002

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Bosses' bonuses up by 187% since 2002 Vide
PostSubject: Bosses' bonuses up by 187% since 2002   Bosses' bonuses up by 187% since 2002 Icon_minitimeMon Sep 05, 2011 5:09 am
Average bonuses for directors of FTSE 350 companies have risen by 187% since 2002, without a corresponding rise in share prices, new research suggests.

The High Pay Commission said on Monday that average annual bonuses were worth 48% of salary in 2002, but are now 90%.

Commission chairman Deborah Hargreaves said it was a "myth" that big bonuses meant companies performed better.

The Department for Business, Innovation and Skills said it would study the report, which it called "interesting".

During the time bosses' salaries rose by 63%, said the report, which is due to publish its full findings in November. The commission is backed by the left-leaning Compass group and the Joseph Rowntree Trust.

http://www.bbc.co.uk/news/business-14781254
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