Monday, 21 August 2017

FTSE chief executives' median pay 'down almost 20%', according to accountancy firm Deloitte

The median pay for chief executives of FTSE 100 companies has fallen by almost 20% over the past year, according to accountancy firm Deloitte.

Median pay - a figure representing the pay rate half way between the lowest and highest paid executive - dropped from £4.3m in 2016 to £3.5m this year.

Deloitte said policies introduced to limit bosses' pay appeared to be working.

This year's annual general meetings were "calmer than expected" it said.

"The fall in executive pay demonstrates that remuneration committees are making a real effort to address shareholder concerns," said Stephen Cahill, vice chairman at Deloitte.
"This is the first cycle where the legislation introduced in 2013 and primarily voted on during the 2014 AGMs will have taken effect.

"It seems the current legislation is working."

BBC     News.