Bae Systems' Ian King sees his salary frozen

BAE Systems has frozen the pay of its top executives as it faces shrinking military budgets in the US and UK. Chief executive Ian King will see no uplift in the £963,050 salary he got in 2012, the firm’s annual report showed yesterday, while finance director Peter Lynas and head of BAE US Linda Hudson will receive the same as 2012 – £546,000 and $1.04m respectively.

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