In the News
FTSE100 CEO pay falls 17%
3rd August 2017
£4.5 million pounds is the average salary of a FTSE-100 CEO according to new data from the High Pay Centre. This is down 17% on the last year.
Only 6 Chief Executives in the FTSE-100 are female. Male CEOs in the FTSE 100 earned on average £4.7 million last year, compared with £2.6 million on average for women.
Annual FTSE100 CEO pay would take average worker over 150 years to earn. The data raises again the thorny issue about whether CEOs are worth such high earnings and whether the ratio of CEO pay to average earnings should be significantly lower.
In 2016, the pay ratio between FTSE 100 CEOs and the average pay package of their employees was 129:1 – so for every £1 the average employee is paid, their CEO receives £129. In 2015, the ratio was 148:1
Just over a quarter of the businesses listed on the FTSE 100 are accredited by the Living Wage Foundation for paying th
More here from the High Pay Centre
Nils Pratley argues the case in the Guardian for limits to CEO pay ratio limits
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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