Before & after the economic crisis 2008: Changes in Pay Structure of Top UK Bank Executives

The main idea of my dissertation is to determine the effect of firm’s performance on the remuneration package during the financial crisis 2008. The form & pay structure of top executives of UK banks has been subjected to major changes within the financial crisis. There has been a complexity in...

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Bibliographic Details
Main Author: Kumar, Subrat
Format: Dissertation (University of Nottingham only)
Language:English
Published: 2011
Online Access:https://eprints.nottingham.ac.uk/25296/
Description
Summary:The main idea of my dissertation is to determine the effect of firm’s performance on the remuneration package during the financial crisis 2008. The form & pay structure of top executives of UK banks has been subjected to major changes within the financial crisis. There has been a complexity in executive pay because of the number of different pay components were associated with the pay structure. My study will explore different remuneration components such as Executive Share Options: The lot size of share options called as ESO, LTIPs Long term incentive Plans: A profit sharing scheme attached to the changing earning per share, an individual performance based cash bonus which is paid annually & various non –cash benefits. A sample of top 40 UK banks was chosen for data analysis (financial year 2005 to 2010).