Average pay packet for FTSE100 CEOs falls in 2016 but there are calls to rethink the measures which set their remuneration.
A fall in the average FTSE100 CEO pay packet has been welcomed as a “step in the right direction”, although the ratio between them and the pay of their employees remained extremely high at 129 to one.
The average pay package for a FTSE100 CEO was £4.5m in 2016, a 17% fall from £5.4m a year earlier, according to analysis by the Chartered Institute of Personnel and Development (CIPD) and the High Pay Centre.
Stefan Stern, director of the High Pay Centre, said the retrenchment had come in the context of political pressure and “in the spotlight of hostile public opinion”. Last year also saw a number of investors railing against e
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