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Pressure on UK property cos to reform salaries-PwC

Posted on 15 June 2009

From Reuters: Rising property vacancies, a lack of debt refinancing, and increased stakeholder scrutiny will pressure UK real estate firms to reform the way they reward senior executives, a report said on Monday.

A steep property market downturn, along with property stocks’ underperformance against the broader share index, means inflationary salary increases and pay freezes are likely to become more prevalent, PricewaterhouseCoopers (PwC) said………Full Article: Source


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