FTSE 100 bosses award themselves big bonuses


Research has revealed that the average FTSE 100 executive is earning 88 times that of the average full-time UK worker.

The revelation comes despite the recession where companies have been forced to make major cutbacks.

According to Incomes Data Services (IDS), in the year to June 2010, executives in FTSE 100 companies took home an average of £4.9 million in total earnings - primarily due to bonus payments.

The average bonus for the chief executives of the companies listed in the FTSE 100 was £701,512 - 34% higher than last year.

Bart Becht, who runs household goods company, Reckitt Benckiser, is the highest-paid FTSE 100 chief executive, earning a staggering £92.6 million last year.

IDS suggests that these companies are taking a “business as usual” approach to executive pay and the findings are likely to outrage shareholders.

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