Pay for UK's Top Bosses Drops Sharply, Investors Say More to Do

LONDON (Aug 3): Pay packages for the bosses of Britain's 100 biggest listed companies dropped 13% over the past year, a survey showed on Thursday, amid rising political and investor pressure to rein in on excessive earnings. The survey by the Chartered Institute of Personnel and Development (CIPD) and the High Pay Centre think tank showed the median pay for chief executives of companies in the FTSE 100 index was 3.45 million pounds (US$4.57 million) in 2016, down from 3.97 million pounds in 2015 and only marginally higher than in 2010. There was a ...
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