Lord Foster, chairman of architect Foster and Partners, earned a salary of £824 155 in the 12 months to 30 April 1999. This was a 12% rise on the previous year, when he took home £735 824. His staff’s wages rose an average of 4%.
Figures obtained from Companies House reveal that Foster and Partners nudged up its pre-tax profit by 2% to £10m during the same period. It also increased turnover by 4% to £28.8m.
In the UK, turnover was up 31% to £17.7m compared with £13.5m the previous year. The company made £1.3m of sales in the Middle East, compared with nothing the year before.
But the rest of its international sales fell. Turnover in the Far East dropped 37% to £5.8m; in continental Europe it dropped 28% to £3.76m; and for the rest of the world, it fell 65% to £155 599.
