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The Future Publishing chief executive, Stevie Spring, has gained a 31% increase in basic salary despite plunging profits – but the magazine publisher said total remuneration will not skyrocket.
Hunt talks about an 11% increase in basic salary when he knows that at the same time he is taking away their 50% uplift for working unsocial hours and removing obstacles to them being forced to work even longer hours.
So because we do not want take home pay to go down for junior doctors, after updated modelling I can tell the House these changes will allow an increase in basic salary of not 11 per cent as previously thought but 13.5 per cent.
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City regulators have feared that banks would look for ways to get around the bonus cap, most likely by handing out increases in basic salaries.
Boardroom pay at the UK's top companies soared 37% last year as full-time directors were rewarded with inflation-busting increases in basic salaries, big cash bonuses and substantial payouts from share schemes.
Even with an 11percentt increase in basic pay, which would take the average salary for a first year junior doctor from just under £23,000 to just over £25,000, the new contract would still leave many significantly out of pocket.
Even with an 11percentt increase in basic pay, which would take the average salary for a first-year junior doctor from just under £23,000 [$34,000] to just over £25,000 [$37,000], the new contract would still leave many significantly out of pocket.
Instead, Dacre has been awarded a 3% increase in his basic salary of £1.38m and in future, in line with other executive directors, he will receive an annual award under the company's 2012 long-term incentive plan.
What's more, if the bonuses look like they will not be paid because of a tough year on the stock market or the economy, company bosses will argue for an increase in their basic salary to compensate.
Last month, Tesco boss Dave Lewis told campaigners that the retailer was in detailed talks with the trade union Usdaw about restructuring pay packages to increase basic salary.
Furthermore, the proposal to increase basic salary by 15% seems to have been lost.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com