FTSE 100 executive directors have, on average, experienced falls in their overall remuneration packages this year due to increasingly demanding performance conditions imposed on their long-term incentive plans, claims Watson Wyatt. Its 2005 Executive reward survey found that the average basic salary and bonus for a FTSE 1000 chief executive rose by 9.1% and 29% respectively. But total remuneration has fallen on average by 7% to £2.1m because the value of their long-term incentives has in many cases been reduced. Similarly, basic salaries and bonuses for other FTSE 100 executive directors have risen by 7.8% and 22% respectively, while, on average, overall remuneration has fallen by 18% to £980,000.
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