Pay gap widens as UK bosses get 130 times average worker’s salary
The News
According to the High Pay Centre's final report, median pay for FTSE 100 CEOs reached a record £5.06 million in the last financial year, an 8.6% increase from the previous year. This has widened the earnings gap between bosses and workers to its largest point in eight years, with CEOs earning 130 times the average worker's salary. The findings highlight growing income inequality in the UK.
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The Analysis
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CEO pay increased 8.6% to £5.06m, outpacing average worker wage growth.
The High Pay Centre released its final report on CEO pay.
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Key findings
The median remuneration of a FTSE 100 CEO has risen to a record £5.06 million.
The Guardian- CEO pay increased 8.6% to £5.06m, outpacing average worker wage growth.
- Ratio of CEO to worker pay at 130:1 signals growing income concentration at the top.
Plain English
Loaded language removed<p>In its final report the High Pay Centre says the median remuneration of a FTSE 100 CEO has risen to a record £5.06m</p><p>The bosses of Britain’s largest listed companies received record pay last year, fuelling the widest earnings gap with workers in eight years.</p><p>Median pay for FTSE 100 chief executives hit £5.06m in the last financial year, according to data released by the High Pay…
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Claims
The median remuneration of a FTSE 100 CEO has risen to a record £5.06 million.
The GuardianThe median pay increased by 8.6% from £4.66 million the previous year.
The GuardianThe pay gap between bosses and workers is the widest in eight years.
The GuardianThe High Pay Centre released its final report on CEO pay.
The Guardian