FTSE 100 CEO pay stretches to all-time high

120 times the average salary of a full-time worker

Linus Uhlig
clock • 2 min read

Compensation received by the CEOs of Britain’s 100 largest companies reached a new record of just below £4.2m in 2023, an increase of 2.2% on 2022’s £4.1m figure.

This means that the median FTSE 100 CEO received 120 times the average salary of a full-time worker in the UK, a slight decrease from the 124:1 ratio returned in 2022, according to the latest research from the High Pay Centre.  AstraZeneca's Pascal Soriot topped the salary rankings, having pulled in just shy of £16.9m last year.  FTSE 100 CEO pay grows 12% in 2022 Chief executives from Rolls Royce, Diageo and Prudential also made the top ten list, with HSBC's Noel Quinn raking in over £10.6m in 2023. Of the 100 companies surveyed, 11 had a female CEO serve for part of the year, ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Nikko AM to rebrand as Amova Asset Management

Nikko AM to rebrand as Amova Asset Management

Will not impact firm's ownership

Sorin-Andrei Dojan
clock 06 September 2024 • 1 min read
FCA operating costs of £761m spiked again last year

FCA operating costs of £761m spiked again last year

As fee income increases

Jen Frost
clock 06 September 2024 • 2 min read
London School of Economics' Alexander Pepper: The debate around CEO pay rise

London School of Economics' Alexander Pepper: The debate around CEO pay rise

'Two rival academic theories'

Alexander Pepper
clock 06 September 2024 • 4 min read
Trustpilot