Research update – Package drops for FTSE bosses

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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