FTSE 100 chief executives were paid 117 times more than the average worker in the UK in 2018, a gap that, while narrowing, highlights the gulf in wages at leading British companies ahead of mandatory reporting of executive pay ratios this year. The average top flight British chief executive was paid about £3.5 million, equivalent to £901.30 an hour, compared with the average full-time worker’s annual salary of £29,559, or £14.37 an hour. Companies will also need to explain executive pay policies more fully. Last month, the Irish Congress of Trade Unions published its fourth annual report on Irish chief executives’ pay - Because We’re Worth It: The truth about CEO pay in Ireland. In the UK, the executive pay ratio has narrowed over the past year.

Source: The Irish Times January 06, 2020 08:03 UTC