Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and 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
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter