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

Related Articles

M&S business rate liabilities based on £570m rateable value

Company News M&S business rate liabilities based on £570m rateable value

4m Emma Smith, Managing Editor
BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

8m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

1y Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

1y Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

1y Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

1y Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

1y Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

1y Emma Smith, Managing Editor