Bosses 'bonuses' up 187 percent in last decade

Link to the article: Channel 4 News

The average annual bonus for a director in a FTSE 100 firm has increased by 187 per cent in the last ten years, a new study finds.

The huge leap in bonuses for top bosses has come despite the wider economic turmoil of recent years.

Salaries have also increased over the same 10-year period, by 63 per cent, according to research done by the High Pay Commission.

The average value of long-term incentive plan awards paid out to top executives across the FTSE 350 has increased by 700 per cent in total, the report said. In the state-supported banks, average total earnings of directors are now 130 per cent higher than ten years ago. In 2000, bank directors earned on average £1.7m while in 2010, this reached just under £4m.