Credit crunch 'hits executive pay'

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

A poll of FTSE 100 companies found that the average chief executive's package slipped to £2.8m last year, down from £2.9 million in 2006.

But the number of super-rich directors has gone up, with 34 directors out of 956 in the index enjoying combined salary, bonus and shares worth more than £5 million, up from 20 the year before.

At the top end of the scale, eight directors took home £10 million-plus in 2007, with three raking in more than £20 million during the year, according to the Guardian survey.

In the second tier of FTSE 250 companies, there were 36 executives on a package worth more than £3 million.

The average annual reward for chief executives in the index was £1.45 million - just over half that of the mean take home for chiefs at the UK's top 100 firms.

Figures for the FTSE 100, show a marked levelling off of the bonus boom years.

In 2002, the Guardian survey recorded only six directors earning more than £5 million.