FTSE 100 CEO Pay Hits Record High in 2023

Median executive compensation surpasses £4 million, widening the gap between top bosses and average workers.

The average FTSE 100 CEO earned £4.19 million in 2023, a 2.2% increase from the previous year.
Top earners include AstraZeneca's Pascal Soriot with £16.85 million and RELX's Erik Engstrom with £13.64 million.
High pay for CEOs contrasts sharply with the median UK full-time worker's salary, now 120 times lower.
The rise in CEO pay comes amid calls for higher compensation to remain competitive globally, particularly with the US.
Critics argue that excessive executive pay hampers the ability to fund broader workforce wage increases.