FTSE 100 CEO's earn 160 times more than average worker

The pay of FTSE 100 Chief Executives has fallen by almost a fifth since 2016 - but they still earn 160 times more than the average worker, The Guardian reports. 

Recent figures for PwC have found that the average total pay figure, which include bonuses, for company Chiefs of the FTSE 100 have dropped this year by £200,000 to £4.1million, a fall of 4.7%

Despite this pay decrease, their salary is still significantly higher than the average worker. Studies show that the average full-time worker who earns an annual salary of £28,000 would have to work for 160 years to earn just one year of an average FTSE CEO’s annual pay.

Peter Cheese, Chief Executive of the CIPD, attempts to highlight the gender pay gap disparities which continue to hit CEO bosses at the top: "Our analysis also shows a clear gender pay disparity at the top, with female CEOs receiving less than their male peers. Quite rightly this issue of fairness is increasingly being called out and this needs to be addressed at all levels of businesses.”