The average pay of FTSE 100 chief executives fell on average by 17% last year following investor and "political pressure" on the UK's leading firms to cut the CEO pay packages.
According to a report conducted by the Chartered Institute of Personnel and Development (CIPD) and the High Pay Centre, an average FTSE 100 CEO had a salary of £4.5m in 2016 compared to £5.4m in 2015, a 17% drop. Furthermore, the average pay packet of the 25 highest earning FTSE 100 CEOs fell by 24% to £9.4m last year as firms "chase the median". BlackRock under fire from shareholder adviser Glass Lewis over high executive pay The top FTSE 100 earner, Sir Martin Sorrell, who is CEO of WPP, saw his salary decrease dramatically from £70.4m in 2015 to £48.1m a year later. The repor...
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