It’s nice work if you can get it – the average total annual pay for FTSE100 directors has shot up by 14% in the past year to some £3.3m, according to the most recent data.
A whopping 58% growth in the value of share-based long-term incentives has fuelled the jump in pay, according to the Incomes Data Services (IDS).
Pay rises on basic salaries actually only increased by 4% over the past year.
Annual bonuses grew by a more generous 8.8% across FTSE100 directorships.
“With nearly two-thirds of FTSE directors benefiting from an LTIP [long-term incentive plan] award in the latest year, the higher share-based pay-outs clearly made up for any ground lost in lower annual bonuses,” said Steve Tatton, editor of IDS’s directors’ pay report.
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