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Bosses’ pay rising fast

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04/10/2006

A survey for the Guardian newspaper undertaken by Deloitte has shown that pay packages for bosses of the UK’s top 350 firms increased by 28% in 2005.

Top of the money list was Mick Davis of mining group Xstrata, who took home £14.9m, with Richard Segal of PartyGaming a distant second with £11.3m.
“It’s interesting to note that Mr Davis’ pay represents around 544 times the average salary of his staff,” said employment expert Sara Bernard.
The study also showed that in the 350 companies surveyed, only 3% board members are women.

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