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Tamarack joins Crimson & Co     Tamarack, the supply chain strategy and performance improvement consultancy, is to join specialist supply chain consultancy Crimson & Co. As a result, Tamarack will cease trading.       Richard Powell, managing director of     Crimson & Co said: “Tamarack will reinforce the breadth of our offerings and extend our strong position in the supply chain industry. Its clients include several powerful retailers and consumer goods companies and, as these are historically strong areas for Crimson     with these clients.”       Tamarack senior director John Sewell commented: “Joining Crimson & Co builds on our commitment to develop supply chain strategies that deliver tangible bottom line results for our clients.           “Tamarack clients will benefit from Crimson’s strength in depth, their practical experience of working with companies across the globe and their knowledge base of cross industry best practice."     & Co, we are excited about the opportunity to expand the relationship

Contrary to recent reports, UK PLCs have squeezed senior executive pay and benefits in response to the recession, says global management consultancy Hay Group. UK PLC boardroom pay drops 10% in recession     Hay Group’s Executive Compensation Report 2009, the most comprehensive study of UK executive remuneration, is based on analysis of salaries and incentives paid to almost 12,000 senior executives at close to 500 organisations during the financial year 2008/9.       The report demonstrates the dampening impact recession has had on executive remuneration among Britain’s largest listed firms.       Boardroom pay       In the period May     2008 to May 2009, the median boardroom director’s salary saw zero increase, while total cash paid – base salary plus annual bonus – saw a significant decrease of 10.1%. Close to a third (29%) received no bonus at all.       This represents a significant turnaround from the previous fiscal year (2007/8), which saw total cash paid to executive directors increase by 10%.       Jon Dymond, director at Hay Group, commented: “The last financial year has seen remuneration committees caught        The senior management tier just below board level has also experienced a more restrained approach to executive pay.       Below-board executives’ median salaries saw zero increase on last year, while median total cash – salary plus bonus – dropped by 0.6% in 2008/9.       Continued restraint       Dymond anticipates a restrained return to salary increases over the coming year, but a downturn in bonus payouts, as these     incentives will be based on 2009 performance: “Once the economic recovery is underway, we may see an element of catch-up in salaries,” he said.       “With business confidence returning, share prices moving upwards and a continued perception that top talent is scarce, executive salaries are likely to begin to move up modestly in 2010. However bonuses paid in 2010 are expected to be smaller than the last two years, due to lower earnings delivered by many businesses during 2009.”     between militant shareholders, political pressures and media sensationalism, and on the other hand the need to retain top talent and motivate their most senior leaders to steer firms safely through the economic storm. Caught between these conflicting pressures, public firms have taken account of harsh economic circumstances and acted to rein in executive remuneration.”       Below the board

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