FTSE 100 chief executives’ pay rose by a tenth last year to an average of £5.5m, according to a survey that will bolster demands by Theresa May, the UK prime minister, for top British companies to curb excess in the boardroom.
The average pay of a FTSE 100 boss has risen by a third since 2010, when chief executives took home £4.1m on average, according to data compiled by the High Pay Centre, a think-tank which campaigns against excessive pay.
Mrs May said last month that there was “an irrational, unhealthy and growing gap” between the pay of workers and executives, in a speech just before winning the Conservative party’s post-Brexit leadership contest and entering 10 Downing Street.