Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

FTSE 100 chief exec pay falls for second year

FTSE 100 chief exec pay falls for second year

The average pay for FTSE 100 chief executives has fallen for the second year running on the back of shareholder pressure and regulatory changes.

The FT reported findings from the annual pay survey from Manifest, the proxy advisory service, and pay consultancy MM&K. They found that total remuneration for the chief executives of FTSE 100 groups fell 7% in 2013 after a 5% fall the previous year.

The findings come as companies now introduce a forward-looking pay policy to shareholders for a vote at annual meetings.

According to the FT, Vince Cable, business secretary, said the findings suggest the government’s legislative changes from last year are forcing companies to listen to their investors on excessive rewards.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
1 Comment Play CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

Do not miss the first two minutes of this film as Richard Buxton shares how he has been challenged by a client for owning shares in a certain company.

Play CEO Tapes: the huge opportunities for asset managers

CEO Tapes: the huge opportunities for asset managers

From tech disruption, retirement and poaching, the CEO discuss the opportunities for their businesses in this episode.

Play CEO Tapes: 'we're just a bunch of white dudes sitting here'

CEO Tapes: 'we're just a bunch of white dudes sitting here'

In our brand new series, eight CEOs discuss how the industry could do a better job for female fund managers.

Read More
Wealth Manager on Twitter