A 23% average pay jump for top executives in UK
London — The CEOs of the UK’s largest companies saw their compensation jump 23% on average between 2016 and 2017, according to a new study that highlights the widening income gap with rank-and-file workers in the country. The mean pay for the heads of the FTSE 100 companies climbed to £5.66m in 2017, from £4.58m a year earlier, the annual analysis from the nonprofit human resources organisation CIPD and the High Pay Centre think-tank showed. Those figures were exacerbated by payouts to Persimmon CEO Jeff Fairburn, whose compensation soared 22-fold to £47.1m, and to Melrose Industries’ Simon Peckham, who raked in £42.8m, a whopping 43 times his 2016 pay. The figures — which include base salaries, bonuses and other incentive payouts — show that top executives are back to making about 145 times the average pay of their employees despite calls by Prime Minister Theresa May to check executive greed.
Her administration plans to make publication of pay ratios mandatory and has toyed ...
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