According to new research the average pay packet for chief executives of Britain’s largest companies rose last year by 10% to £5.48 million. FTSE 100 bosses earned 140 times more than their employees. The latest figure is a reduction compared to 2014 when the pay package for company bosses was 148 times more than their employees. Analysis of annual reports by the High Pay Centre shows the pay of chief executives in FTSE 100 companies was up over 10% on average £4.96million in 2014.
Sir Martin Sorrell, chief executive of WPP, the advertising and PR Agency remains the highest paid paid chief executive in the top 10 list after his pay rocketed from £43 million in 2014 to £70.4 million last year. Among the top 10 was Rakesh Kappor who is ranked 3rd on the list. Mr Kapoor, the chief executive of consumer goods group, Reckitt Benckiser, earned £23.2 million. However the list is also glaring in the fact that none of the FTSE 100’s five women chief executives made the top 10 list, which was the same as the 2014 and 2015 list. Furthermore, the ten companies featured on the list had no female executive directors and no renumeration committee has a women within, it is the committee which makes plans about pay and bonuses.
(Information below, in a Box)
Britain’s highest paid CEOs in 2015
- Sir Martin Sorrell, WPP, £70.416m
- Tony Pidgley, Berkeley Group, £23.296m
- Rakesh Kapoor, Reckitt Benckiser, £23.190m
- Jeremy Darroch, Sky, £16.889m
- Flemming Ørnskov, Shire, £14.638m
- Bob Dudley, BP, £13.296m
- Erik Engstrom, Relx, £10.869m
- Mike Wells, Prudential Financial, £10.031m
- Michael Dobson/Peter Harrison, Schroders, £8.905m
- António Horta Osório, Lloyds Group, £8.773m