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Watson survey shows executive pay continuing to move ahead in 1998

City fat cats are set to become fatter as executive pay continues to rise above inflation according to actuarial consultants Watson Wyatt.


The latest report by its remuneration committee found that chief executives&#39 earnings grew by 9.2 per cent and board directors earnings grew by 13.5 per cent between 1997 and 1998


It says this reflects the continuing demand for high quality executives.


The report also found that 50 per cent of chief executives received a bonus of less than 25 per cent of salary and 20 per cent had a bonus in excess of 60 per cent of salary.

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