According to research carried out by the High Pay Centre, among FTSE 100 companies, the average pay of a chief executive is almost £5 million.
(They found that average executive pay in the UK jumped to £4.964 million in 2014, compared with £4.129 million in 2010. The figure was 183 times the earnings of average full-time workers, up from 160 times in 2010.
The top 10 highest-paid chief executives (CEOs) were paid over £156 million between them in 2014, prompting fresh calls for action to curb executive pay.
We have a minimum wage, maybe it’s time to have a maximum wage too.)