CEO Pay Climbs to Record in UK But Lags US Increases
- Top British bosses earned an average of £4.19 million in 2023
- Slower pace comes amid debate over executive pay in the UK
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The chief executive officers of Britain’s biggest companies received record compensation last year but the slowing pace of increases saw the pay gap with the US widen.
Median pay for FTSE 100 CEOs edged up 2% to £4.19 million ($5.35 million) from the previous year, research by the High Pay Centre think tank showed. That’s behind the 21% rise seen the year before and also lags the increases received by heads of large US companies, according to a separate study.