Pay for the bosses of the UK’s 100 biggest listed companies has increased to the highest level on record, with the average chief executive paid more than 100 times the average full-time worker in Britain.
As millions of households cut back on spending amid the cost of living crisis, analysis by the High Pay Centre showed median pay for a FTSE 100 chief executive increased from £4.1m in 2022 to £4.19m in 2023.
The campaign group said this was the highest level on record, although growth in chief executive pay was slower than in the past two years, when there had been a bounce after the height of the Covid pandemic.
Pascal Soriot, the chief executive of the drug company AstraZeneca, topped the list of highest paid bosses in the FTSE 100 for a second year running, collecting £16.85m, up from £15.3m in 2022.
AstraZeneca went through a shareholder rebellion earlier this year after announcing plans to increase Soriot’s…
