This study is for British companies. But the same is happening in the States. We've been had. The Wall St. bailout was nothing other than government serving it's master. I wonder how many of the those Tea Partyers are aware that they are being used to further corporate socialism. How many of the American people are aware yet they have been conned by the government.
Basic salaries for executives at top companies jumped 10 percent last year despite the worst financial crisis in decades, a report said on Monday.
Although bonuses were lower, the wages of executives rose at more than double the rate of inflation in 2008, an analysis of boardroom pay by the Guardian newspaper said.
The highest paid boss was Bart Becht, the chief executive of household goods group Reckitt Benckiser, who earned 36.8 million pounds in pay, bonuses, perks and share incentive schemes.
The second highest was Aidan Heavey, head of Tullow Oil, who took 28.8 million pounds, followed by Chip Goodyear, then CEO of mining giant BHP Billiton, who earned 23.8 million pounds.
The 10 most highly paid executives earned a combined 170 million pounds last year, up from 140 million pounds in 2007.
The rises came as markets including London's FTSE tumbled last year, prompting many companies to impose pay freezes on staff and implement redundancies to slash costs.
And if you are naive enough to believe that things will ultimately change under this President, think again:
Just a month after taking office, President Obama asked Congress to move fast to reform the "outdated" system of financial oversight and install "tough, new common-sense rules of the road" for Wall Street.
Now, with Obama set to give a major address on Monday marking the one-year anniversary of the Lehman Brothers collapse, things haven't advanced very far.
Congress has moved only sluggishly on a set of changes that are more modest than the overhaul originally envisioned. It is likely that the patchwork system of regulatory agencies will remain mostly intact.
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