Bonuses paid out across the economy rose nearly 5% from last year to more than £40bn, which means they now make up the biggest proportion of workers' pay packages since before the economic downturn.
All companies with more than 250 employees should be forced to publish the salaries of their highest earners and told to consult their employees on executive pay, Vince Cable, the Liberal Democrat business secretary, will say on Sunday.
The bosses of Britain's 100 biggest listed companies are earning on average 143 times more than their staff, according to data that exposes the growing imbalance between how the nation's workforce and its business leaders are rewarded.
HSBC has given 15 of its top bankers “fixed pay allowance arrangements” worth £7.1m under a controversial new pay scheme designed to dodge tough new European Union rules on bankers’ bonuses.
Barclays is on track or ahead of schedule on all six elements of its turnaround plan, said its chief executive, Antony Jenkins, on Wednesday. Since this plan is only two months old, and in any case represents plan B, this is not quite the triumph it might sound.
The bosses of leading City firms are to be made more accountable for their actions under proposals that could make them wait up to seven years for their bonuses and potentially be jailed if their banks fail.
Former WH Smith boss Kate Swann enjoyed a bumper payday on Thursday as she collected £3.7m in cash from the sale of shares and a special bonus on the successful flotation of SSP, the company which runs shops and food outlets in airports and railway stations.
Burberry has made an eleventh-hour attempt to clarify why it has awarded a £440,000 allowance to chief executive, Christopher Bailey, issuing a supplementary note to shareholders.
How long is the long term? Dominic Rossi of Fidelity Worldwide Investment has almost been a lone voice in the fund management world in arguing that directors should be forced to hold incentive shares for a lot longer than the standard three years.
'We don't want to do this at all....Sadly because of the EU directive we've had to change'.
Barclays will begin to hand out bonuses on Friday to its 140,000 staff around the world from a bonus pool expected to be bigger than last year's.
Citigroup is set to pay most of its investment bankers in Europe at least half of their bonuses in cash, as US banks push ahead with moves to hand star employees the most generous pay deals in the industry.