FTSE 100 CEOs are 'mediocre' with 'absurdly high' pay

A study has shined a light on the spiralling pay of those at the top of the company tree.

A research paper by the London School of Economics (LSE) interviewed ten international hiring companies who were behind 70-90% of CEO appointments in recent years. The recruiters agreed that for every appointment, another 100 candidates could have filled the position just as well, and that the successful applicant was normally “mediocre.”