New report reveals
The pay packages of FTSE 100 chief executives has increased 10 per cent and hit £5.48m, the High Pay Centre has revealed.
The think tank found that the average pay ratio between FTSE 100 CEOs and their employees in 2015 was 129:1.
The report also highlighted that there wasn’t any woman in the highest paid CEOs list in 2014 or 2015. The study also pointed out that out of a sample of 72 companies, only 22 had disclosed this number of total employees it has.
Stefan Stern, director of the High Pay Centre, said: “There is apparently no end yet in sight to the rise and rise of FTSE100 CEO pay packages. In spite of the occasional flurry from more active shareholders, boards continue to award ever larger amounts of pay to their most senior executives.”
The news comes as new UK Prime Minister announced a crackdown on high executive pay in July.
“There is an irrational, unhealthy and growing gap between what these companies pay their workers and what they pay their bosses,” she said at the time.