Friday, 28 October 2011

Director's Pay Continues to Rise

There's a report out today that shows that the claims of the millionaire cabinet that everyone has to suffer in the current economic climate is a pile of lying hogwash.

FTSE 100 director's earnings rose by almost half last year

I won't repeat the report here but suggest that you read it.

The question to be asked is how to respond to this outrage. Well in the pages of this blog I have, where available, included the details of the salaries and remuneration packages of the Procuts 35 who said that public sector workers, including their own customers, should be sacked to pay for excesses of the banks.

Well I intend to update and re-publish details of the earnings of these people just to show that when they said that cuts had to be made they did not mean to their own salaries, the hypocritical swine that they are.

I've been busy on other projects most of this year but winter is setting in and now I have time to hunt these people down and expose their greed and I will delight in doing so. Stay tuned for updates.

Here are the latest figures for the annual earnings of the Procuts 35. Those with nothing next to them yet will be added shortly.

Will Adderley, CEO, Dunelm Group - gets paid £350,000 p.a.
Robert Bensoussan, Chairman, L.K. Bennett
Andy Bond, Chairman, Asda - now with Republic Fashion Stores
Ian Cheshire, Chief Executive, Kingfisher - gets paid £1,972,100 p.a.
Gerald Corbett, Chairman, SSL International,, Britvic - £215,000 from (2008) others to be confirmed
Peter Cullum, Executive Chairman, Towergate - gets paid £167,140 p.a.
Tej Dhillon, Chairman and CEO, Dhillon Group - n/k
Philip Dilley, Chairman, Arup - n/k
Charles Dunstone, Chairman, Carphone Warehouse Group, TalkTalk Telecom Group got £240,000 in fees as chairman of Carphone and £360,000 as chairman of TalkTalk
Warren East, CEO, ARM Holdings gets paid £1,436,097 p.a.
Gordon Frazer, Managing Director, Microsoft UK - n/k
Sir Christopher Gent, Non-Executive Chairman, GlaxoSmithKline - n/k
Ben Gordon, Chief Executive, Mothercare - has announced his intention step down on November 17th, was on an annual salary of £600,000, but picked up £5.2million including share incentive payments in the year to March 2011
Anthony Habgood, Chairman, Whitbread, Chairman, Reed Elsevier gets paid £500,000 p.a.
Aidan Heavey, Chief Executive, Tullow Oil gets paid £1,670,909 p.a.
Neil Johnson, Chairman, UMECO gets paid £240,000 p.a.
Nick Leslau, Chairman, Prestbury Group - no salary figures but recently paid £156M for St Katherine's Dock in London
Ian Livingston, CEO, BT Group gets paid £2.36M p.a.
Ruby McGregor-Smith, CEO, MITIE Group- gets paid £1,229,000 p.a. most of this coming from public sector contracts, i,e, YOUR taxes
Rick Medlock, CFO, Inmarsat; Non-Executive Director, The Betting Group - gets paid £597,000
John Nelson, Chairman, Hammerson gets paid £597,000 p.a.
Stefano Pessina, Executive Chairman, Alliance Boots - pays himself £693,000 p.a.
Nick Prest, Chairman, AVEVA - pays himself £85,000 p.a (2009)
Nick Robertson, CEO, ASOS - pays himself £341,706 p.a.
Sir Stuart Rose, Chairman, Marks & Spencer - no longer at M&S
Tim Steiner, CEO, Ocado - pays himself £646,000 which includes a bonus of £220,000, not bad for running a company that can't turn a profit and whose shares at close of play today (7/11/11) were worth 87.1p down from £2.50 in February.
Andrew Sukawaty, Chairman and CEO, Inmarsat gets paid £1,478,000 p.a.
Michael Turner, Executive Chairman, Fuller, Smith and Turner gets paid £590,000 p.a.
Moni Varma, Chairman, Veetee - n/k
Paul Walker, Chief Executive, Sage - Now left Sage
Paul Walsh, Chief Executive, Diageo gets pAID £3,183,000 p.a.
Robert Walters, CEO, Robert Walters - n/k
Joseph Wan, Chief Executive, Harvey Nichols - n/k
Bob Wigley, Chairman, Expansys, Stonehaven Associates, Yell Group
Simon Wolfson, Chief Executive, Next - gets paid £1,757,000 p.a.

Lowest confirmed annual pay of the Procuts 35 is £167,140 p.a. making all the people named above in the top 1% of the country for large pay packets.

The rest of us, to borrow a slogan from the Occupy protests, are the 99% and these people are not representative of us nor act in out interests. Please boycott their businesses. Don't fund your own oppression.

The source for most of these figures is and are from various dates within 2011 unless stated, others are gleamed from news stories. As you can see it's not possible with ease to discover what all these people earn. If you know of any other sources where I can check or double-check these figures I'd be glad to hear about them.

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