Wednesday, 15 August 2018

Chief executive pay jumps 11% to almost £4m last year, a new report found

Chief executive pay rose by 11% last year to almost £4m - much higher than rises for workers, a new report found.

The rise came despite criticism from investors and government about excessive salaries, the Chartered Institute of Personnel Development (CIPD) said.

The highest total payout was £47.1m for Jeff Fairburn, chief executive of housebuilder Persimmon.

The GMB union called the findings a "badge of national shame".

According to the CIPD, the median pay for FTSE 100 chief executives was £3.93m last year, up from £3.53m in 2016.
That compared with a 2% increase for UK workers as a whole, it said.

The HR industry group also found bosses were paid on average 145 times more than their employees - up from 128 times in 2016.

BBC     News.

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