Pay for UK's Top Bosses Drops Sharply, Investors Say More to Do - The Edge Markets -BoardProspects

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

The Edge Markets Aug 3 2017 BoardNews

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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Quotes
1. This is a small but significant reduction and we view this positively.
2. We have to hope that the reversal in rising executive pay is the beginning of a re-think on how CEOs are rewarded, rather than a short-term reaction to political pressure.
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