FTSE 100 | Firms paying CEOs millions choosing to furlough staff

FTSE 100 firms that have furloughed staff under the Government’s Coronavirus Job Retention Scheme (CJRS) paid their chief execs an average of £3.6million per year before the pandemic hit, a new analysis has claimed.

The research, from thinktank The High Pay Centre, claimed that, as of April 22, 2020, the 18 companies who announced that they would use the CJRS scheme, spent a combined £321million on chief executive pay over the last five years – The Guardian reported.