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FAT CAT PAY CONTINUES TO RISE - 30 APRIL 2009
Pay freeze does not seem to be a word that is bandied around company boardrooms — at least as far as their own pay is concerned.
Companies excuse paying obscene amounts to executives saying that a large proportion is performance-related. However, comparisons on basic pay are revealing. The basic salaries of 24 of the 35 directors from the table over can be compared and just two of them — Michael McLintock of insurance group Prudential and Stephen Green of the HSBC banking group — saw their basic salary frozen last
year. The figures strip out those directors where year-on-year comparisons cannot be made and the part-time chairs of a company where applicable.
Twenty-two got pay rises in their basic salary and 13 are in double percentage figure terms when earnings generally rose on average by 2.9%. The rises range from 31.7% for Paul Adams, chief executive of tobacco giant BAT, down to 2.9% for Mike Geoghegan, chief executive of HSBC. Year-on-year comparisons can be made for total pay packages of 25 top directors, and 18 got a pay increase last year. Ten directors got a rise of at least 16.5% against the 2.9% for the whole economy.
Companies excuse paying obscene amounts to executives saying that a large proportion is performance-related. However, comparisons on basic pay are revealing. The basic salaries of 24 of the 35 directors from the table over can be compared and just two of them — Michael McLintock of insurance group Prudential and Stephen Green of the HSBC banking group — saw their basic salary frozen last
year. The figures strip out those directors where year-on-year comparisons cannot be made and the part-time chairs of a company where applicable.
Twenty-two got pay rises in their basic salary and 13 are in double percentage figure terms when earnings generally rose on average by 2.9%. The rises range from 31.7% for Paul Adams, chief executive of tobacco giant BAT, down to 2.9% for Mike Geoghegan, chief executive of HSBC. Year-on-year comparisons can be made for total pay packages of 25 top directors, and 18 got a pay increase last year. Ten directors got a rise of at least 16.5% against the 2.9% for the whole economy.
Industrial Action
The National Union of Mineworkers expresses its support for fellow trade unionists in the Public Sector who today are having to resort to withdrawing their labour (a fundamental right of any worker) and take strike action against these unfair cuts to their pensions and terms and conditions.
T
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Funeral of Gerry Gibson
It is with deep regret that the NUM (Yorkshire Area) announce the Funeral Service details for Gerry Gibson who tragically lost his life at Kellingley Colliery on Tuesday 27th September 2011.The Service in dedication to Gerry a much respected member,work mate & fellow miner will be held in
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Statement from Gerry's Family
We are all truly devastated by Gerry's sudden and tragic death.
We would like to pay tribute to everyone involved in attempts to rescue Gerry - all work colleagues; Kellingley rescue team; the air ambulance team and all other medics who were on site. Their tireless efforts were not i
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Fatality at Kellingley Colliery
it is with deep regret that the national union of mineworkers has to confirm that as a result of a tragic accident at kellingley colliery one of our members has lost his life.
the whole workforce at the colliery are devastated at the loss of a friend and colleague as a result of a roof fall on 502s
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