Rise to average of almost £5mn last year comes as UK executives push for payouts to compete with global rivals
The pay of FTSE 100 chief executives surged by £560,000 to an average of almost £5mn last year, rebounding to levels not seen since 2017. The figures come as UK executives push for higher payouts to compete with international rivals, particularly in the US, where company bosses are paid significantly more.
Soriot’s pay could rise again this year as AstraZeneca in recent months joined large UK-listed groups such as London Stock Exchange Group and Smith & Nephew in winning shareholder backing for higher executive pay packages. LSEG boss David Schwimmer said in February: “If London has an ambition to be a globally leading financial centre and to attract world-class companies, that means it has to attract world-class talent.
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