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New High Pay Centre report: Executive pay continues to climb at expense of ordinary workers

FTSE CEO Pay jumped to £4.964 million in 2014

FTSE 100 CEO pay jumped to £4.964 million in 2014 according to a new report published today by the High Pay Centre think-tank.

The figures represent a slight increase on CEO pay of £4.923 million in 2013, but a more drastic rise from the £4.129 million average in 2010.

The High Pay Centre analysed data disclosed in companies’ annual reports as a result of requirements introduced by the coalition government in 2013.  The research also found that:

Commenting on the report, High Pay Centre Director Deborah Hargreaves said:

Pay packages of this size go far beyond what is sensible or necessary to reward and inspire top executives. It’s more likely that corporate governance structures in the UK are riddled with glaring weaknesses and conflicts of interest

The Coalition Government introduced some welcome reforms in 2013 that have at least enabled us to get a better understanding of the executive pay racket. However it’s clear that these reforms didn’t do nearly enough to start building a pay culture where everybody is rewarded fairly and proportionally for the work that they do.

Notes to editors:


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Posted on 16 August 2015

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