British CEOs received record pay in 2023, with median FTSE-100 CEO pay growing by 2.2%.

From Investing.com: 2024-08-11 19:05:38

In 2023, bosses of UK’s largest companies received record pay, with 9 firms offering over 10 million pounds each. Median FTSE-100 CEO pay grew by 2.2% to 4.19 million pounds. The gap between CEO and worker pay was 120 times. Train drivers, doctors strike for better pay. Shareholder anger over executive compensation.

Research shows Britain’s CEO pay growth slowed, but some companies offered large pay awards. UK fund managers support flexible board pay for top talent. AstraZeneca CEO Pascal Soriot earned 16.85 million pounds, while RELX’s Erik Engstrom took home 13.64 million pounds last year. Business culture favors investors over stakeholders.



Read more at Investing.com: Britain’s CEOs get record pay in 2023, research shows By Reuters