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UK bosses earn 117 times average worker despite pay cut

The average salary for chief executives fell by 13% between 2017 and 2018, but they still earned 117 times more than the average UK full-time worker, a report has found.
A boss of one of the UK's largest listed 100 companies earns £3.5m a year on average, the CIPD, the professional body for HR found.
The average full-time worker in the UK earns £29,574.
The report also showed a continued big gender gap at the top of big firms.
In 2018, only six of the FTSE 100 companies had a female boss, down from seven in 2017.
The CIPD analyses executive pay, together with the High Pay Centre think tank every year.
CIPD chief executive Peter Cheese said: the gap between pay at the top and bottom of firms remained "unacceptably wide".
"We must question if CEOs are overly focused on financial measures and are being incentivised to keep share prices high rather than focusing on the long-term health of their business," he said.

https://www.bbc.co.uk/news/business-49411245
 
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