Michael Page to boost exec pay

The chief executive of recruiter Michael Page will see his base salary rise by 15 per cent for 2012, after receiving a more modest increase of three per cent for the 2011 financial year. The company’s annual report showed Steve Ingham’s basic salary rose to £392,000 last year, with additional bonuses and benefits boosting his total pay pot to £1.47m. The report said next year’s rise was to recognise recent changes to the Michael Page board that have changed the chief executive’s responsibilities.