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Their salaries will be frozen for 2002".
Their starting salaries will be $125,000 a year.
Because of those shortages, engineering salaries will be very competitive in the 1990's.
In addition, bonuses and salaries will be reduced for other senior executives and corporate managers.
Reduced salaries will be offered as contracts expire, the executive said.
And for a lucky few who are trained in a high-demand field, the salaries will be anything but cheap.
If they are hired full-time, their salaries will be lower – probably around the £100,000 mark.
Basic salaries will be raised Banks could get around the cap by increasing basic take-home pay.
However, he implied it was unlikely Channel 4's executive salaries will be reach the same level again.
Mr. Hurd's base salary will be cut 20percentt, while other executives' salaries will be cut 10 to 15percentt.
Their salaries will be paid for by an uplift in fees paid by regulated claims firms and fines for misconduct.
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