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:
“... the wife of an executive would be a better wife had she been a secretary first. As a secretary, you learn to adjust to the boss’s moods. Many marriages would be happier if the wife would do that.”
—Anne Bogan, U.S. executive secretary. As quoted in Working, book 1, by Studs Terkel (1973)