Pay gap widens as UK bosses get 130 times average worker’s salary
Summary
UK bosses at the biggest listed companies earned a record amount last year, with the average top CEO pay reaching £5.06 million. This created the largest gap in eight years between what CEOs make and what ordinary full-time UK workers earn, with CEOs now paid about 130 times more than the average worker.Key Facts
- Median CEO pay for FTSE 100 companies was £5.06 million, up 8.6% from £4.66 million the year before.
- CEOs earn about 130 times more than the average full-time UK worker, whose median pay is £39,000.
- Total pay for FTSE 100 executives was £857 million, including £550 million for chief executives.
- CEO pay is rising again after cuts during Covid lockdowns.
- Most companies (66 out of 94) increased their CEO pay last year.
- Average long-term bonuses rose 20% to £2.7 million, and short-term bonuses rose 14% to £1.8 million.
- AstraZeneca’s CEO Pascal Soriot was the highest paid, earning £17.7 million.
- Only one woman, Emma Walmsley of GSK, is in the top 10, with a pay rise to £15.6 million before she stepped down.
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