UK - Top executives of small retail and distribution companies earn twice as much as their counterparts in the oil, gas and mineral sectors, new research shows.
A study into remuneration at companies listed on the Alternative Investment Market found that directors in the retail and distribution sectors were among the highest paid, with average earnings of £190,000 a year.
The research – carried out by information and research provider Income Data Services – found that the median basic salary for top executives was £120,833, with bonuses and benefits taking earnings to £136,000 a year.
IDS – which compiled the survey from annual reports and accounts with financial year-end dates between March 2003 and March 2004 – found that executives at oil, gas and mineral companies were among the lowest paid with earnings of around £97,000 a year.
Other top paying sectors included leisure and business services, with executives of engineering, food, drink and tobacco companies the lowest paid.
The survey showed that directors in their post for two successive years would have seen an average rise of 5% of basic salary, and a 3.6% rise when bonuses and benefits were included.
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