Feeds

Euro dotcom top brass get 60% pay rise

To make up for the share options

  • alert
  • submit to reddit

Build a business case: developing custom apps

The chief execs of dotcom businesses have received a nice fat 60 per cent pay rise in the last 12 months. The average pay packet is now £170,000.

According to a survey by IT recruitment group Futurestep, the dotcom top brass have also bagged twice the number of share options previously held. The huge pay increase and the extra shares are to make up for the collapsing value of their share options.

The size of the pay packet means the average dotcom exec earns just 10 per cent less than their old economy counterpart. And as a result of the high tech share crash there's basically no difference in the earnings between Net biz bosses and trad company execs.

The survey quizzed more than 2,000 senior dotcom executives in nine European countries and interestingly Britains net executives earn the most wonga. ®

Related Stories

Europe to go titsup.com
Amazon remainders 1,300 staff

Next gen security for virtualised datacentres

More from The Register

next story
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.