DIARY: Life's hard at the top, what with 85 per cent bonuses and all that

Great news for account execs struggling on £16k a year: your

bosses are doing a little better.

A survey of the total earnings brought in by the heads of publicly

quoted marketing groups, published by Marketing Services Financial

Intelligence, has revealed that WPP chief executive Sir Martin Sorrell

picked up £2.5m last year, twice that netted by second-placed

Cordiant Communications Group chief executive Michael Bungey.

Doug Flynn of the Aegis Group came in third, pocketing £975,000,

followed by Chime Communications' Lord Bell on £793,000.

Statistics fans might be interested to know that the bonuses these

luminaries picked up were, on average, equivalent to 85 per cent of

salary. Sorrell took home an impressive bonus of 152 per cent.

Propping up the table was Huntsworth chief exec Lord Chadlington,

boasting a salary of £0 and bonuses of £0 - a combined total

of £0.

Lord Chadlington, of course, assumed control of the firm on the basis

that the management team would not draw salaries during 2000.

Still, good value for the shareholders.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in