BusinessCompany NewsUK’s top bosses take home an average of £6m

UK's top bosses take home an average of £6m

Average pay for Britain's top bosses is up 12% from last year

The UK’s top bosses take home an average of £6m – a 12% rise from last year.

This is three times the rise in average wages during the year, and four times
the rise in inflation.

The highest-paid chief executive among the top FTSE 100 companies, according
to a survey by remuneration consultant MM&K, was
Lord
Browne
 is the outgoing chief executive of BP whose total package was worth
more than £12m last year, The Observer reported.

The worst paid of the 10 – Barclays chief executive officer
John Varley – took home more than £4m.

Morely also calculates that the average FTSE boss received a bonus worth 81%
of salary for achieving their performance targets.

Further reading:

ABI to clamp down on directors’ pay

Ten tips: recruitment

ASB wants better disclosure of final–salary
schemes

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