Side note: I have to write an analysis for school, will be mostly offline for awhile.
FTSE 100 chiefs see £1m pay cut
The chief executives of Britain’s biggest listed companies saw their pay fall on average by nearly £1m last year, following pressure from investors and politicians over the generous packages. The average earnings of FTSE 100 chief executives dropped 17 per cent to $4.5m in 2016, according to an analysis by the Chartered Institute of Personnel and Development and think-tank the High Pay Centre.
Theresa May has promised to address this issue and recently warned of an “irrational, unhealthy and growing gap� between the pay of executives and workers. The median pay for FTSE 100 chiefs fell to £3.45m last year, while the annual full-time wage in the UK was £28,000 according to the Office for National Statistics. (FT)