FTSE 100 chief executives suffer a 19% pay decrease - Is it pre-Brexit jitters?
Accounting firm, Deloitte, has published its annual FTSE 100 executive remuneration report that suggests the median pay of FTSE 100 CEOs has fallen by 19% this year. According to the report, the average pay has reduced from £4.3 million in 2016 to £3.5 million in 2017. In addition, the number of salary increases of 3% or higher have halved this year, while bonuses and pension contributions have also fallen significantly.
Perhaps this reduction of big salaries is to address shareholder concerns or perhaps it is a sign that businesses are taking stock in advance of Brexit and trying to increase cash reserves, or perhaps it is simply the case that the report only looks at a small percentage of CEOs and this is not the general position at all.
Posted on 09/05/2017 by Ortolan