Executive Remuneration
The Annual Report cites a number of factors in determining executive pay, including "attracting, retaining and motivating senior Executives of the appropriate calibre to further the success of the Group" and "ensuring that the interests of Executives are aligned with those of the Group and its members".
CEO Peter Marks was paid a basic salary of £900,000 in 2010, with a performance-related bonus of £449,000. The basic salaries of the thirteen executives adds up to £4,071,000, with their bonuses adding up to £2,121,000.
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Famous quotes containing the word executive:
“She isn’t harassed. She’s busy, and it’s glamorous to be busy. Indeed, the image of the on- the-go working mother is very like the glamorous image of the busy top executive. The scarcity of the working mother’s time seems like the scarcity of the top executive’s time.... The analogy between the busy working mother and the busy top executive obscures the wage gap between them at work, and their different amounts of backstage support at home.”
—Arlie Hochschild (20th century)