LONDON: Pay packages for the bosses of Britain’s 100 biggest listed companies dropped 13% over the past year, a survey showed, 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 £3.45mil (US$4.57mil) in 2016, down from £3.97mil in 2015 and only marginally higher than in 2010.
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