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| Version 2 | Version 3 |
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| Bosses' pay rise beats workers' | Bosses' pay rise beats workers' |
| (20 minutes later) | |
| The pay packages of the people running Britain's top firms rose by 28% in 2005, a survey suggests. | The pay packages of the people running Britain's top firms rose by 28% in 2005, a survey suggests. |
| The survey, performed by Deloitte for the Guardian, measured overall compensation for directors at the UK's 350 biggest public firms. | The survey, performed by Deloitte for the Guardian, measured overall compensation for directors at the UK's 350 biggest public firms. |
| The gains are higher than in the past four years, and compare with average gains for workers across the UK of about 3.7%, and inflation of 2.5%. | The gains are higher than in the past four years, and compare with average gains for workers across the UK of about 3.7%, and inflation of 2.5%. |
| And executives at the biggest 240 firms can now expect to take home £1m a year. | And executives at the biggest 240 firms can now expect to take home £1m a year. |
| Topping the list was Mick Davis, who heads mining group Xstrata and earned a total of £14.9m, the survey found - about 544 times the salary of the average member of the firm's staff. | Topping the list was Mick Davis, who heads mining group Xstrata and earned a total of £14.9m, the survey found - about 544 times the salary of the average member of the firm's staff. |
| Only 3% of board executives are women, the same as 2004, the survey said. | Only 3% of board executives are women, the same as 2004, the survey said. |
| TOP-EARNING CEOS Mick Davis, Xstrata: £14.9mRichard Segal, PartyGaming: £11.3mTony Trahar, Anglo American: £6.4mStanley Fink, Man Group: £6mJean-Pierre Garnier, GSK: £5.6m Source: Guardian/RTF pay database | |
| Carol Arrowsmith, from Deloitte, said the report showed that the gender imbalance still remains in the boardroom. | Carol Arrowsmith, from Deloitte, said the report showed that the gender imbalance still remains in the boardroom. |
| "You can count the number of female chief executives on the fingers of one hand," she said. | "You can count the number of female chief executives on the fingers of one hand," she said. |
| Pattern should change | Pattern should change |
| She said appointments are usually made on the experience of the candidate, so as more women enter the business world, this pattern should change in the future. | She said appointments are usually made on the experience of the candidate, so as more women enter the business world, this pattern should change in the future. |
| Guidelines were introduced in 2002 to bring diversity into the boardroom, but the main effect has been a reduction in executive board members, which is down a fifth. | Guidelines were introduced in 2002 to bring diversity into the boardroom, but the main effect has been a reduction in executive board members, which is down a fifth. |
| Meanwhile, a chief executive now earns an average salary of £2.4m a year, while a finance director receives an average of £1.1m, the Guardian's annual survey of executive pay found. | Meanwhile, a chief executive now earns an average salary of £2.4m a year, while a finance director receives an average of £1.1m, the Guardian's annual survey of executive pay found. |
| Eight top executives now have basic pay packages - before bonuses, share awards, perks, pensions or other benefits - of more than £1m. | Eight top executives now have basic pay packages - before bonuses, share awards, perks, pensions or other benefits - of more than £1m. |