Guesswork

3 August 2017 By Andy Critchlow

The average boss of a FTSE 100 company took home 17 percent less last year despite buoyant markets. Paying corporate leaders less assuages public opinion but underscores the challenge of linking pay to performance. Besides, CEOs still benefit from higher share prices.

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Average pay for the chief executives of Britain’s top 100 listed companies fell by 17 percent last year, according to a survey published on Aug. 3.

The Chartered Institute of Personnel and Development and High Pay Centre report found that average FTSE 100 chief executive pay dropped to 4.53 million pounds in 2016, down from 5.44 million pounds in the previous year.

Part of the drop was due to WPP Chief Executive Martin Sorrell – the best-paid CEO in the FTSE 100 – whose remuneration fell to 48.1 million pounds last year compared with 70.4 million pounds in 2015.

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