Grocery bosses grab sixth and ninth places
Tesco boss Sir Terry Leahy and Sir Ken Morrison of chain Wm Morrison were the only retailers to make the top 10 of a survey of the most highly paid executives of the last 12 months.

Leahy took home£5.4 million, placing him sixth in a table of chief executives, while Morrison was ninth among chairmen with earnings of£908,000 for the year to March.

The survey by Reward Technology Forum covered some 1,340 directors of FTSE 100 companies and, when basic pay is added to bonuses, overall pay jumped 28 per cent on last year - the highest rise on record.

The average annual rate of pay for a UK chief executive is now£2.4 million, while the going rate for finance directors is£1.1 million.

Topics