Top bosses will have earned an average worker’s annual salary by 5pm today, according to research into executive remuneration.
It’s New Year and one of the first governance issues to emerge is executive pay. Think tank the High Pay Centre and the CIPD, a professional body for HR specialists, calculate that the “typical” FTSE 100 chief executive will earn the average annual income just before 5pm today.
The centre’s high pay counter is an annual fixture on the governance agenda and is used to draw attention to excessive executive pay levels and more broadly highlight its concerns its about inequality in the UK.
In 2018 (the latest figures available), the average FTSE 100 CEO earned £3.46m compared with the annual average (median) pay level of a full-tim
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