Press Update: Executive Pay

8 October 2009

Sarah Wilson

The Manifest/MM&K Total Remuneration Survey 2009 was published this week. Here is the press coverage it has received so far:

Bloomberg: Chief executive officers at Britain’s leading 100 companies received pay increases last year even as the FTSE 100 Index fell the most on record and may be handed more this year after the stock market rally, a study said. The median compensation paid to a FTSE 100 chief executive officer last year was 2.57 million pounds ($4.1 million), up 1 percent from 2007, as increased salaries and share awards offset lower bonuses, according to research by remuneration consultant MM&K Ltd. and Manifest Information Services Ltd., a corporate governance research firm.....

Financial Times: As the debate over City bonuses rumbles on, it is good to find that smaller companies are showing some restraint. A study by MM&K, the remuneration consultancy, and Manifest proxy voting agency shows that smaller companies have much simpler pay arrangements than the largest companies.....

Daily Telegraph: While the FTSE 100 index fell by 30pc in 2008, median salaries for chief executives rose by 8pc to £2.6m; long-term incentive awards rose 4pc and bonuses dropped only 14pc, according to a report on pay by Manifest and MM&K. Salaries in the small-cap companies rose by 6pc last year and Aim company packages were up 14pc.....