The incomes of the bosses of the biggest British companies grew twice as fast Inflation this year, according to a study by PwC. The finding is fueling criticism amid a cost-of-living crisis.
Luke Hildyard, director of the Center for Higher Pay, told AFP that in a context of inflation in the UK of more than 10%, these sums “could be more evenly distributed”.
Andrew Page, executive compensation expert at PwC, said the increase in income was largely due to increased bonuses “as businesses reopened after the pandemic and after demand income”.
PcW noted on Monday (07) that the average earnings of directors of the FTSE 100, which has the hundred highest ratings on the London Stock Exchange, rose from £3.2m to £3.9m (€4.5m). , +22%) between 2021 and 2022.
Compensation for top executives has declined during the pandemic, following pay and bonus cuts, either voluntarily or under pressure from shareholders or investors.
Since then, directors’ earnings growth has risen sharply again, and several studies suggest that it is at pre-pandemic levels.
“In the last decade, investors have become more stringent when it comes to director pay” and FTSE 100 companies rarely pay their chief executives more than “£3-4 million” annually, says Hildyard.
Yet “this is equivalent to paying them more than a hundred times the wages of the average British worker,” he insists.
For a few months, the Strikes should multiply good wages The United Kingdom faced rampant inflation.
Henry Blackwell is a contributor at Mediarunsearch.co.uk, covering a wide range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. He focuses on delivering clear, balanced reporting and useful information that helps readers stay informed about current events and emerging developments. His work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism.