Bonus bonanza boosts FTSE 100 chief executives’ pay by nearly a quarter
FTSE 100 chief executives’ pay soared by an average of 23 per cent this year, according to research from PwC that comes during tense negotiations with rank-and-file staff.
The rise to £3.9mn was driven by record bonus pay-outs, partly the effect of lower targets set during the pandemic. The new data is published as companies struggle to persuade staff to accept below-inflation pay increases.
Many companies bounced back strongly as Covid-19 lockdowns ended, leading to an average CEO bonus of 86 per cent of the maximum available, up from 58 per cent last year and against a long term average of 70 to 75 per cent, according to PwC.
This story originally appeared on: Financial Times - Author:Daniel Thomas
