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2. Which expressions from vocabulary could be used to continue each of these newspaper extracts?

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FAILED AIRLINE BOSS GETS MASSIVE PAYOUT

Shareholders are angry that despite very poor results, Blighty Airlines’ CEO, Mr Rob Herring, is leaving with £3 million in his pocket. They say it is ridiculous to ‘reward’ bad performance with this sort of...

MULTILEVER'S EXECUTIVE PAY

It was today revealed that Mr Carl Lang, head of consumer foods giant Multilever, earns a basic salary of $22 million with stock options potentially worth an additional $10 million. Other payments bring to $35 million his total ...

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ANGRY SHAREHOLDERS ATTACK EXECUTIVE PAY

National Energy’s sharehojders yesterday attacked the directors of the company for paying themselves too much. Profits fell by 30 per cent last year, but directors are being paid 30 per cent more. They should be paid 30 per cent less, said one shareholder. ‘These people are just...’

MEGAFONE CEO GETS £10 MILLION 'THANK YOU' AFTER TAKEOVER

The directors of Megafone, the world’s largest mobile phone company, yesterday voted to give Mr Chris Ladyman, its chief executive, a special payment of £10 million for negotiating the com­pany’s takeover of Minnemann. The directors referred to this as a ...

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READING

1. Match up the following words with the underlined words in the text. Remuneration

cash commission executive directors cost-of-living allowance deducted fringe benefit incentive salespeople increments salary potential evaluate earning

Most of the full-time employees at our headquarters in Manchester earn an annual salary, divided into twelve monthly payments. Income tax is automatically (1) subtracted from the salary each month, along with National Insurance contributions. The staff in our London office also receive a London (2) weighting, because living and working in the capital is more expensive. Unlike many public sector jobs (civil servants, teachers, nurses, and so on) our staff do not receive (3) automatic increases to their salary every year. Pay rises are given according to merit, and there is no fixed pay-scale. We have an appraisal system in which the managers (4) assess the performance of their subordinates every December. The (5) senior managers are also paid a bonus at the end of the year if the financial results are good, on top of their basic (6) remuneration, which is already rather high.

The sales force earn a basic fixed salary, plus (7) a percentage of the value of their sales, which is obviously an (8) encouragement to higher productivity. On the other hand, the (9) reps do not receive overtime pay if they work long hours.

The (10) potential income of the most successful ones is higher than that of some of the managers.

The hourly paid staff-cleaners, canteen workers, and so on - receive their wages in (11) notes and coins in a pay packet every Friday. Of course this is after all deductions such as tax and insurance contributions.

Because we are in the insurance business we all get at least one (12) perk - cheap insurance policies.