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EXECUTIVE REMUNERATION: Pressure grows to rein in runaway pay

30 September 2016  

Stephen Levinson looks at the latest moves by the City to curb boardroom excess ahead of an expected intervention by the government

Excessive executive pay is a running sore on the reputation of British capitalism. According to the High Pay Centre, the think tank devoted to the subject, the total pay for a chief executive in a FTSE 100 company in the UK now averages £6m a year, or 150 times average worker income. Perhaps the most telling statistic is that this ratio has doubled in ten years as worker pay has stagnated.

 

Last modified on 05 October 2016