CEO pay climbs to record in UK but lags US

Elite group: An employee walks past FTSE 100 share price information displayed on an illuminated rotating cube in the atrium of the LSE’s offices in London. — Bloomberg

LONDON: The chief executive officers (CEOs) of Britain’s biggest companies received record compensation last year but the slowing pace of increases saw the pay gap with the United States widen.

Median pay for FTSE 100 CEOs edged up 2% to £4.19mil (US$5.35mil) from the previous year, research by the High Pay Centre think tank showed.