The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
The two countries want to smash the civil aerospace duopoly enjoyed by Airbus and Boeing.Aerospace & Defenseread more
Federal Reserve Chairman Jerome Powell is set to deliver his annual speech on Friday at the Jackson Hole, Wyoming symposium, where he's expected to provide more clarity on the...Asia Marketsread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
U.S. and Asian investors poured $3.7 billion into U.K. tech start-ups in the first seven months of 2019, research shows.Technologyread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
Market bull Jeff Saut told CNBC on Tuesday that the lows are in and the market is headed "much higher."Marketsread more
Home Depot CFO Carol Tome says "consumer confidence is near record high levels" but "consumer demand could be impacted" by lingering U.S.-China trade tensions.Mad Money with Jim Cramerread more
Here's a phrase you don't hear that often: It's tough out there for the U.K.'s leading chief executives.
However, with salary levels for CEOs working for FTSE 100 companies falling in real terms, according to a PwC analysis of remuneration reports, the top job may be becoming slightly less lucrative.
Almost half of CEOs of the UK's benchmark index's top companies did not get a salary increase this year, according to PwC, with median total pay up just 0.7 percent to £3.5 million (including salary, benefits and long-term incentive plans).
The answer to the dearth of executive pay inflation seems to lie in the increased use of long-term incentive plans rather than bonuses, a key element of the post-credit crisis backlash against perceived excesses in executive pay, which led to shareholders at several large UK companies voting down large executive pay packets and even CEO departures.
Back in 2012, during what became known as the Shareholder Spring, David Brennan, former chief executive of pharma giant AstraZeneca, and Sly Bailey, former chief executive of media group Trinity Mirror, stepped down after shareholder protests about their pay packages.
The performance conditions on long-term incentive plans seemed to be difficult to meet, with pay-outs under these terms down to less than half of the maximum award available. At the same time, bonus payments to CEOs rose slightly (by 3 percent) in 2014 after three years of decline.
"There's little sign of executive pay inflation picking up again," Tom Gosling, head of PwC's reward practice, said in a statement.
"There's no doubt the new voting rules introduced last year have given shareholders more power and helped to bring greater stability to executive pay."
The figures are based on only the 39 out of the index's 100 companies which have so far released remuneration reports.
- By CNBC's Catherine Boyle