Top U.K. Bosses Get 10% Pay Increase as May Urges Crackdown
- FTSE 100 CEOs get 140 times more than average pay of employees
- New prime minister targets ‘unhealthy and growing’ wage gap
A pedestrian passes by as skyscrapers including Tower 42, the Heron Tower, the Leadenhall building, also known as the 'Cheesegrater,' 30 St Mary Axe, also known as 'the Gherkin,' and 20 Fenchurch Street, also known as the 'Walkie-Talkie,' stand beyond, in London, U.K., on Tuesday, June 28, 2016. Banks demand for cash surged at the Bank of Englands first liquidity operation since the U.K. voted to leave the European Union, with financial institutions requesting more than double the amount allocated.
Photographer: Simon Dawson/BloombergBosses of the largest 100 British companies saw their pay increase more than 10 percent to 5.48 million pounds ($7.2 million) last year, 140 times the average wage of their employees.
The figures from the High Pay Centre come less than a month after British Prime Minister Theresa May condemned the “irrational, unhealthy and growing gap” between the pay of workers and executives as she took over from David Cameron.