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yesterday

FTSE 100 Chief Executive Pay Soars to £4.58m on Share Scheme Surge

Investor backlash over concentrated share awards has increased pressure for tougher reporting standards, worker representation on boards, corporate governance reforms, the High Pay Centre says.

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Chief executive of AstraZeneca Pascal Soriot
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Overview

  • Median FTSE 100 chief executive pay rose 6.8% to £4.58m, equating to 122 times the average full-time UK worker’s salary.
  • Long-term incentive plans were awarded to 84 of 100 CEOs, up from 81 last year, making share-based compensation the main growth driver.
  • Melrose Industries executives received over £175m in share bonuses under a five-year scheme, prompting a significant shareholder revolt in June.
  • Total pay for 217 FTSE 100 executives exceeded £1bn, and the number of chief executives on £10m-plus packages rose from ten to 13.
  • High Pay Centre and investor groups are calling for full implementation of the Employment Rights Bill, enhanced pay reporting and worker-elected board directors to tackle widening inequality.