Cash bonuses for top directors of UK companies stayed high last year in spite of the recession, highlighting a trend that will anger investors hit hard by sharp falls in the value of company share prices.
The UK's biggest companies still paid executives on average well over half the maximum bonus available, says a report by Hewitt New Bridge Street, a remuneration consultancy.
A fifth of the FTSE 100 companies paid out 90 per cent of the maximum possible bonuses in a year when the earnings of nearly 90 per cent of FTSE 100 companies suffered share price falls amid the recession.
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