The gap between chief executives’ pay and UK average earnings narrowed in 2020, as companies hit by the pandemic cancelled bonuses and investors stepped up their scrutiny of pay policies.
Median pay for chief executives of FTSE 100 companies was 86 times that of the median annual wage for a full-time worker, according to research published on Friday by the High Pay Centre think-tank.
Although that remains a huge gulf, it is a considerable drop from the previous two years, when FTSE 100 chief executives’ earnings were almost 120 times those of average UK workers.
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