In this climate no one is safe from a pay cut, not even the FTSE 100 FDs, as Liz Fisher discovers.

Our latest survey of the remuneration packages paid to finance directors in the FTSE 100 companies clearly shows the impact of the financial crisis and recession on directors’ pay. Whereas last year’s survey revealed that an astonishing 49 of the 92 finance directors for which information was available were paid more than £1m in salary, bonuses and benefits during the year, our 2009 survey shows that only 40 (of the 96 CFOs for whom information is available) breached the £1m barrier this year.

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