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.”  

They continued to say that the executive jobs market has become so skewed that it would be the death knell of a career to work for less.

The study’s authors wrote: “If one were to offer to do the job for less, would that tip the decision in his or her favour? All the headhunters agreed that this would be a poor strategy.