Dispatches

Bespoke analysis for Dispatches shows that bank CEOs used to be paid the same as their FTSE 100 peers. But in the past 10 years, they've outstripped them. Despite the credit crunch, in 2008 bank bosses earned £250k a year more. At the same time, salaries for normal employees at all FTSE companies remained static.

Dispatches commissioned proxy voting agency Manifest to pull together a selection of data illustrating the FTSE 100 Average Salary Comparison (above) in addition to the total remuneration for the bankers detailed below.

Download the full Manifest PowerPoint

Remuneration breakdowns

Adam Applegarth
Chief Executive Northern Rock - March 2001 to Dec 2007
Age - 46
Total Remuneration over 6 ½ years - £6,469,452
Pension Pot - £2.6 million
Potential Annual Pension - £305,000

Steven Crawshaw
Group Chief Executive Bradford and Bingley - March 2004 to May 2008
Age - 48
Total Remuneration over 4 years - £5,345,142
Pension Pot - £3.6 million
Potential Annual Pension - £105,000

Eric Daniels
Group Chief Executive, Lloyds Banking Group - June 2003 to present
Age - 57
Total Remuneration over 5 years - £10,202,500
Pension Pot - £2.9 million
Potential Annual Pension - £147,000

Sir Fred Goodwin
Group Chief Executive Royal Bank of Scotland Group - March 2000 to Nov 2008
Age - 50
Total Remuneration over 8 years - £ 23,267,000
Pension Pot - £16.8 million
Annual Pension - £703,000

Andy Hornby
Chief Executive Halifax Bank of Scotland - July 2006 to Jan 2009
Age - 42
Total Remuneration over 2 ½ years - £4,307,262
Pension Pot - £2.8 million
Potential Annual Pension - £240,000

Sir James Crosby
Chief Executive Halifax Bank of Scotland - 2001 to 2006
Age - 53
Pension Pot - £10.4 million
Potential Annual Pension - £572,000

Source: Remuneration data from Manifest, the Proxy Voting Agency www.manifest.co.uk Pensions data from Annual Reports and Accounts