Pay rises for chief executives are up 11% – only shareholders can apply the brakeNormal service is restored. Normal, that is, for members of FTSE 100 chief executive club. They enjoyed a collective 11% pay rise in 2017, having suffered a shocking 12% fall in 2016, according to the annual tally from the High Pay Centre and personnel body CIPD. The average big-company boss got £3.9m.The compilers talk about “significant government and regulatory developments” in the past year and how “we might have expected greater downward pressure to be exerted on top by remuneration committees and shareholders.” They sound surprised by their numbers, but shouldn’t be. Continue reading…
Via: The fat cats are back in business | Nils Pratley
Categories: English News