Not a single FTSE100 company currently publishes its CEO-to-employee pay ratio, according to a briefing from the High Pay Centre (HPC) on executive pay. The HPC calculates that the average pay ratio between the pay of CEOs in this group and employees in 2015 was 147:1, slightly down on the 148:1 measured in the previous year.
The ratio between CEOs and the median pay of a full-time worker across the whole UK economy was 183:1. Most FTSE 100 companies do not disclose how many people they employ in the UK in their annual reports but amongst the 22 that do, 16 employ a majority of their workforce outside the UK. Only one FTSE 100 company, TUI, had an employee representative on the board.
Stefan Stern, Director of the High Pay Centre, said:
‘There is apparently no end yet in sight to the rise and rise of FTSE100 CEO pay packages. In spite of the occasional flurry from more active shareholders, boards continue to award ever-larger amounts of pay to their most senior executives. The High Pay Centre was delighted by Theresa May’s recent intervention on this issue. There now seems to be political will and momentum behind attempts to reform top pay.’