Chief executive's pay has soared by more than 1,200% to £4m over the past quarter of a century in a revelation set to inflame the row over excessive pay.
A major study out today shows average total pay among FTSE 100 chief executives has grown thirteenfold from £300,000 in 1987 to £4m today, after adjusting for inflation, according to the Telegraph. Pay is a ticking "time bomb" with "opaque" links between remuneration and performance, the report warned. It added that the culture among executives is unlikely to change. Ordinary workers will face a squeeze on their incomes for years due to the financial crisis, while executives will continue to enjoy lucrative deals "because it's in no one's interests to change", the report by the Univer...
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