Tuesday, 15 July 2014
Executive pay ’180 times average’, report finds
‘Executive pay has grown from 60 times that of the average worker to almost 180 times since the 1990s, according to a report.
The High Pay Centre, a think tank, said shareholders were still backing high executive pay deals despite new powers to vote them down at annual meetings.
The pay of the average FTSE 100 chief executive increased from £4.1m to £4.7m last year, said the report.
The government should take action to close the pay gap, it said.’
