4 Sep

Hays boss sees a £200,000 cut in annual pay

first_img KCS-content Wednesday 6 October 2010 7:34 pm Hays boss sees a £200,000 cut in annual pay Tags: NULL ALISTAIR Cox, chief executive of recruiter Hays, saw his pay shrink by £200,000 to take home £1.56m last year, according to the company’s annual report.The report that showed Cox took home a base salary of £630,000 and received a cash bonus of £422,000 during that time. Similarly, finance director Paul Venables took a £200,000 pay hit after his salary dropped from £1.31m in 2009 to £1.11m in 2010.The report said that Venables’ base salary came to £454,000 and he also received a cash bonus, worth £301,000.Both Cox and Venables will see their respective salaries frozen for another year due to the uncertainty of the economic climate.Hays’ international fees fell by almost 20 per cent to £557.7m for the year ending 30 June 2010 and before tax profits nosedived to £29.7m from £151m.The recruiter said that its business can withstand tough economic times and that it is confident moving forward. Last month the recruitment firm revealed that it had laid off a 100 staff in the UK. Share whatsapp Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap Show Comments ▼ whatsapplast_img read more