Data from the High Pay Centre thinktank shows FTSE 100 bosses collected an average £500,000 pay rise last year, taking their median pay to £3.9m
The bosses of the UK’s 100 biggest listed companies collected an average £500,000 pay rise last year, while many of the millions of people working for them saw their pay growth fail to keep up with soaring inflation, our wealth correspondent Rupert Neate writes.
FTSE 100 chief executives received an average pay rise of 16% last year, taking their median pay to £3.9m, up from £3.4m in 2021, according to research by the High Pay Centre thinktank published on Tuesday.
At a time when so many households are struggling with living costs, an economic model that prioritises a half-a-million-pound pay rise for executives who are already multimillionaires is surely going wrong somewhere.
How major employers distribute the wealth that their workforce creates has a big impact on people’s living standards. We need to give workers more voice on company boards, strengthen trade union rights and enable low- and middle- income earners to get a fairer share in relation to those at the top.
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