In brief...: Directors' pay tops £1million

Oct 3 2008

More than half of finance directors in the UK's top companies earned over £1million last year, according to anewreport.

Research by Accountancy magazine showed that an "astonishing"

49 out of the 92 senior staff covered by the report broke through the £1m barrier for pay, bonuses and benefits.

Sally Percy, editor of Accountancy, said: "The results of our survey will do little to dampen the ever-growing row over directors' pay.

"That said, the figures for next year are likely to be more telling because they will be the first to reflect the worsening economic conditions."