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LONDON — Executives at Britain's biggest companies received an average pay increase of 49 percent this year, with compensation rising faster than companies' shares.
As the government loan guarantee worked and the company's situation improved, so did his compensation, rising to a total of $20 million.
With BP's share price falling to half the level it stood at when the crisis in the Gulf of Mexico began on April 20th, and estimates of how much it will have to fork out to clean up the oil spill and pay compensation rising steadily, Fitch downgraded the oil company's credit rating by six notches to BBB, close to junk.
Similar(51)
During that period, workers' compensation rose just eight per cent.
Add that in, and median compensation rose by only 3%.
The total value of his compensation rose 11 percent last year, when Ford earned $20.2 billion in net income.
Mr. Sorrell's total compensation rose 60 percent last year, to £6.8 million, or $10.5 million.
But adjusted for inflation, compensation rose only 1.6percentt against a flat reading in the first quarter.
After the merger, Ms. Schapiro's total compensation rose to more than $3.1 million, from almost $2 million.
The company's proxy statements say his compensation rose 10percentt over 2002.
Hourly compensation rose 5.3percentt in the second quarter, compared with 3.9percentt in the first quarter.
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CEO of Professional Science Editing for Scientists @ prosciediting.com