By Ruth Mckee
Pay packets for the directors of the top UK companies have swollen by 50% over the past year, making the average pay for a FTSE 100 director just short of £2.7 million.
Salaries, bonuses and pay packages were investigated by the Incomes Data Service (IDS), which found that chief executives' yearly take-home pay was not far behind, rising
by 43% in the last 12 months.
As well as their healthy pay packets, directors of the top companies enjoyed a 23% hike in their bonus payments, which climbed by 23% from £737,000 in 2010 to £906,000 this year.
Pay settlements outside the boardroom remain shaky with City workers' bonuses predicted to fall this year by 28% to £4.2 billion – which will be the lowest set of bonuses since the banking crisis began in 2008.