Forum:Pay and Bonuses

From 2007 to 2012 the collective pay of the top five executives in Which? increased from just under £0.6m to just under £1.1m. In the Accounts for 2013 it was revealed that four of these executives are on a potential bonus of 300% of salary [that is 100% of salary for each of the three years of the Long Term Incentive Plan]. This would mean a collective bonus of £2.54m for the four - on top of salaries ranging from £170,000 to £320,000.



According to Third Sector, a charity sector site, in a report in March 2013 on the 100 largest charities, our CEO is the best paid of all charities in the general sector. The commonest pay rate in the General sector being £155,000 almost precisely half the amount Which? pays its CEO.



My feeling about big bonuses is that I expect senior staff to be working for the benefit of the charity at all times and I fail to see how increasing pay can achieve anything more. It is even more galling when you realise how much better paid the executives are compared to the vast majority of charities that have many times more staff, more income, and more locations.