A third of CEOs received no increase in their salary as pay becomes harder to earn.
FTSE 100 companies have continued with restraint for executive pay, according to PwC, the professional services firm.
Research reveals that one-third (36%) of CEOs received no salary increase this year, up from a quarter last year.
Tom Gosling, executive pay partner at PwC, said: “Remuneration Committees have again exercised pay restraint, with over a third of CEOs having salary freezes. Bonuses paid to CEOs have on average increased at just 3%.
"This continues the trend of largely static executive pay levels in real terms since the financial crisis. Pay has also become harder to earn, with longer holding periods and clawback.
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