Previous Article Next Article Comments are closed. Poor work still earns bonusesOn 15 May 2001 in Personnel Today Eight out of 10 directors receive bonuses for sub-standard performance, asurvey has revealed. Sharing in the Boardroom found a lack of information about remunerationschemes means shareholders find it impossible to establish a clear link betweendirectors’ pay and performance. The PricewaterhouseCoopers research, based on annual reports and accountsfrom 128 firms in the lower half of the FTSE 500, shows 82 per cent ofdirectors get bonuses for below-par work. The proportion has risen since a similar survey last year, when the figurewas 75 per cent. Another piece of research released last week shows that executive pay hasrisen by 8 per cent in the past year. Those in the top 30 FTSE 100 companies received median basic salaries ofmore than £600,000 last year plus a £200,000 bonus. The research, carried out by Bacon & Woodrow, Deloitte & Touche, NewBridge Consultants and SCA Consulting, included figures from 95 companies. www.pwc.global.com Related posts:No related photos.
Poor work still earns bonuses