CEO Pay Jumps 16% in UK But Remains Below Pre-Covid Levels
- Top British bosses earned an average of £3.91 million in 2022
- Chiefs paid 118 times as much as the average worker: report
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The chief executive officers of Britain’s biggest companies saw an above-inflation pay boost last year but still earned less than before the pandemic, according to a report published Tuesday.
Median pay for FTSE 100 CEOs increased 16% to £3.91 million ($5 million) from the previous year, research by the High Pay Centre think tank showed. That’s still £70,000 short of pay packages seen in 2017.