FTSE 100 CEO pay falls 17% following investor pressure
IA hopes 'trend continues'
WPP CEO Sir Martin Sorrell's pay fell from £70m in 2015 to £48m a year a later. Photo: Sebastian Derungs/World Economic Forum/Creative Commons CC BY-NC-SA 2.0
The average pay of FTSE 100 chief executives fell on average by 17% last year following investor and "political pressure" on the UK's leading firms to cut the CEO pay packages.
According to a report conducted by the Chartered Institute of Personnel and Development (CIPD) and the High Pay Centre, an average FTSE 100 CEO had a salary of £4.5m in 2016 compared to £5.4m in 2015,...
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