Gulf starts at Sheikh Adi-2 25/05/2012
Iraq-focused oil explorer Gulf Keystone Petroleum (GKP) has begun drilling at the Sheikh Adi-2 well in the Sheikh Adi block.
AIM CEO pay hits record high
Median CEO pay on AIM hit £200,352 last year – an all-time high – compared to £190,300 in 2010.
Despite a 25 per cent slump in the AIM All-Share index last year, board pay also jumped to a record high of £496,500 compared with £460,670 the previous year.
New research from Growth Company Investor reveals that 16 CEOs of AIM-quoted companies are earning over £1 million, and 90 are making more than £500,000. However, others are not so fortunate. Of all AIM chief execs, 32 per cent saw their total pay fall last year, while 11 per cent suffered a freeze.
Finance directors are consistent winners in AIM pay reviews. Their median pay has increased every year since 2003, now standing at £143,542. Over the eight-year period since Growth Company Investor began its survey, it has gone up 69 per cent, compared to 62 per cent for CEOs and 54 per cent for boards.
But while 63 per cent of FDs saw their pay increase last year, the same was true for only 48 per cent of non-executives. Median pay for a non-executive chairman is £38,821.
The survey reveals that the link between pay and company profitability is a weak one. Although CEOs at profitable companies tend to receive a higher salary than those at loss-making concerns (£223,991 compared to £177,356), some of the highest salaries go to the directors of loss-making operations.
The highest-paid director on AIM, Gulf Keystone Petroleum executive chairman Todd Kozel, made £6.46 million in 2010, mostly in the form of share-based payments, though the company lost $26 million (£17 million) during the period in question. Alan Watling, CEO of African Minerals, took home £2.54 million despite his company losing $46.5 million.
Other high-rolling chief executives include Richard Bernstein of Eurovestech (£1.92 million), Michael Zheng of Altona Energy (£1.9 million) and Daniel Levy of Tottenham Hotspur (£1.8 million).
The full report, Directors’ Pay on AIM 2012, contains pay details for 850 AIM companies as well as analysis by company turnover and profitability, market capitalisation and sector. It is available to purchase here.
A video of Nick Britton, research director of Vitesse Media Research discussing the report is available here.
Achieve impressive returns
Gain instant access to some of the best-performing and fastest growing companies in the small cap arenaClick here
Advertisement
Achieve impressive returns on the go
Gain instant access to some of the best-performing and fastest growing companies in the small cap arena. Sign up NOW!
Institutional Investors in AIM 2011 - New Report
This unique study analyses the shareholdings of companies listed on AIM, extracting trends including rankings of the value and number of their investments.
Please click here to order your copy of the report or call 0207 250 7056.
Coverage of AIM, techMARK and PLUS Markets
Informative features and research on fast-growing companies, small-cap and growth stocks, penny shares, stock market tips and share recommendations, directors' dealings, company news and analysis, new issues and upcoming IPOs.
If you're interested in business tax updates visit our specialist tax guide website.
Latest small-cap and growth company news
Daily coverage of small-cap company stocks on London's junior markets AIM and PLUS, breaking news, stock research and latest share price information for investors. Full sector coverage with all the latest news on smaller listed companies, updated several times a day with financial reports, trading statements and links to further web resources.
Popular News
Acquisition
Acquisitions
Aim
Aim Market
Boardroom Moves
Breaking-even
British Technology
Cash
China
Commodities
Credit Crunch
Deals & Contracts
Debt
Dividend
Emerging Markets
Full List
Fundraisings
Gold
Growth Company
Growth Stocks
Loss Making
Main Market
Mergers & Acquisitions
New Issues
Penny Shares
Placing
Plus Markets
Profit Warning
Restructuring
South Africa
Speculative Punts
Technology
Trading Update
Turnaround
Undervalued
Advertisement
Latest News
Shell considers Cove 24/05/2012
Oil giant Shell is extending its offer period for Mozambique-focused Cove Energy (COV) after having its bid trumped by Thai government-owned PTT Exploration & Production.
Roxi reaches 1,360 metres 23/05/2012
Kazakhstan-focused Roxi Petroleum (RXP) has declared that its NK7 well in the Galaz aea has drilled to a depth of 1,360 metres.
Cluff Natural Resources joins AIM 22/05/2012
Steered by sector veteran Algy Cluff, North-Sea focused cash shell Cluff Natural Resources (CNR) has joined AIM.
Red Emperor exercises Shabeel 21/05/2012
Somalia-focused oil explorer Red Emperor Resources (RMP) has exercised its option to take part in the drilling of the Shabeel North well.
Heritage happy in Iraq 18/05/2012
Oil concern Heritage Oil (HOIL) has reported its Miran West-3 well in Iraq could deliver 1,000 barrels per day of condensate.
Sectors
Aerospace & Defence
Alternative Energy
Automobiles & Parts
Banks
Beverages
Chemicals
Construction & Materials
Electricity
Electronic & Electrical Equipment
Equity Investment Instruments
Financial Services
Fixed Line Telecommunications
Food & Drug Retailers
Food Producers
Forestry & Paper
Gas, Water & Multiutilities
General Financial
General Industrials
General Retailers
Health Care Equipment & Services
Household Goods
Industrial Engineering
Industrial Metals
Industrial Transportation
Leisure Goods
Life Insurance
Media
Mining
Mobile Telecommunications
Nonequity Investment Instruments
Nonlife Insurance
Oil & Gas Producers
Oil Equipment, Services & Distribution
Personal Goods
Pharmaceuticals & Biotechnology
