Bosses in the top 350 US companies have seen their remuneration rise by 14%, with the ratio of CEO pay to average US worker income now 320:1.
Image: Virrage Images/Shutterstock
While remuneration may be flat for chief executives in the FTSE 100, their colleagues in the US continue to see stellar rises in their pay packets.
A new study reveals that average US CEO pay in the top 350 US companies rose by a wallet-busting 14% from 2018 t0 2019 to stand at $21.3m, a figure that might leave the average FTSE 100 chief executive, on £3.6m, wondering what they had done wrong.
The study, by Washington think tank the Economic Policy Institute (EPI), shines a light on the growing gulf between average US CEO pay and average worker income, which it calculates as a ratio of 320:1. Contrast that with the FTSE 100 figure of 1
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda
Seven hundred companies have submitted Modern Slavery Act statements, but few have met all the core elements of the law. Resources, a lack of knowledge and a need for more guidance have all contributed to a slow start.