Remuneration | CEO pay at lowest level in five years

Whilst many workers dream of earning the kind of salary that comes with a CEO title at a multi-national company, the latest data from Deloitte has discovered that the gap between pay for FTSE 100 chief executives and their employees is at its closest for five years – as companies bow to pressure from investors to lower C-Suite compensation.

The average pay packet for an FTSE 100 CEO in the last financial year totalled £3.4million – this is down from an average of £4million in the previous 12-month period – according to Deloitte. This represents the biggest drop in annual salary in five years.

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“Since the introduction of the 2014 reporting and voting regime, we have seen remuneration levels stabilise and a significant shift in the simplification of pay packages,” said Stephen Cahill, Vice Chairman at Deloitte told the Financial Times. “Under the vast majority of long-term incentive plans, executives will now have to wait five years to receive any shares.”