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What does your chief executive get paid?
ICAEW’s CEO Michael Izza got a nice rise in his pay packet again this year, according to our review of the annual reports.
His remuneration now stands at a cool £554,000, after an increase of £9,000. One CEO who seems to be catching Izza up fast is ICAS chief Anton Colella – his salary jumped to £418,000 in 2015. It should be remember that while the ICAEW generates income of £101.6m and has a membership of 146,000, ICAS has an income of just £15.58m and membership of 21,000.
CIMA’s Charles Tilley received a package worth £347,000 and AAT’s Mark Farrar took home £174,000.
CIPFA still doesn’t provide open and transparent information when it comes to its top-paid employee. We can only guess that it is CEO Rob Whiteman who is earning between £210,000 and £219,999. It appears that the institute has no intention of following the good practice of the other accountancy bodies. The AAT even provides a ratio of the CEO’s emoluments to its lowest-paid employee, which is eight.
[«all Career Advice]
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