Money

Bosses at Britain’s biggest firms are still earning 117 times more than the average worker despite pay reduction


BOSSES at Britain’s biggest firms still earn 117 times more than a typical worker — despite a 13 per cent fall.

Chief executives at FTSE 100 firms ­trousered an average £3.46million in 2018, down from £3.97million the year before.

 Ben van Beurden of Royal Dutch Shell still received a £10million pay rise from £7.8million to £17.8million

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Ben van Beurden of Royal Dutch Shell still received a £10million pay rise from £7.8million to £17.8millionCredit: Getty – Contributor

The average worker earned £29,574, said the High Pay Centre and Chartered Institute of Personnel and Development.

It would take a FTSE firm chief just three days to earn the same amount.

Of the 100 bosses, 43 saw their salary increase.

The research found 64 per cent of workers agree that CEO pay is too high.

 

TUC General Secretary Frances O’Grady said: “This shocking pay gap won’t change without major reform.

“We need new rules to give workers seats on executive pay committees.

“This would help bring some much-needed common sense and fairness to boardroom pay.”

 Mark Cutifani of Anglo American trousered over double the amount he was paid the previous year, from £6.7million to £14.7million

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Mark Cutifani of Anglo American trousered over double the amount he was paid the previous year, from £6.7million to £14.7millionCredit: Getty – Contributor
 Rakesh Kapoor of Reckitt Benckiser received a substantial pay rise from £9million to £15.2million

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Rakesh Kapoor of Reckitt Benckiser received a substantial pay rise from £9million to £15.2millionCredit: Getty – Contributor
 Ivan Menezes of Diageo also managed to avoid a pay fall, earning £9million compared to the previous year's £3.4million

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Ivan Menezes of Diageo also managed to avoid a pay fall, earning £9million compared to the previous year’s £3.4millionCredit: Refer to Caption
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