FTSE-100 chief execs down to their last £92,308 a week
June 12th, 2012Another story for ‘We’re all in it together’. A survey just published by Manifest/MM&K has found that the average pay of chief executives of FTSE-100 companies is now £4.m millions a year , just under £100,000 a week (though that threshold will probably be crossed next year). The average pay in their remuneration – i.e. salary, share options, share handouts (usually at 100,000 shares a time), layered incentive schemes, bonuses including those deferred from previous years, etc., etc. – was 10%, though in a quarter of companies it was more than 41%. That compares with an average increase in pay for their employees of 1%, in other words a pay cut of some 3% because inflation was running at about 4% for most of the survey period. It also reveals that they are now being paid 209 times more than their average-paid workers. (more…)
