Welcome
Benefits & Executive Compensation News

U.K. CEOs Earn More in Days Than Hourly Workers Paid All Year

Jan. 6, 2021, 12:01 AM

Chief executive officers of the biggest U.K. companies will have made more in compensation by the end of the workday Wednesday than the median worker will earn for all of 2021, a study found.

By the time they complete their first 34 hours of paid work, the median FTSE 100 CEO’s compensation will exceed the median annual wage for full-time U.K. workers, according to the High Pay Centre, a London-based think tank.

“Pay for top CEOs today is about 120 times that of the typical U.K. worker,” Luke Hildyard, the organization’s director said. “Estimates suggest it was around 50 times...

To read the full article log in. To learn more about a subscription click here.