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FTSE 100 CEO pay falls to lowest level in 5 years

August 19
03:04 2019

Median pay for a FTSE 100 chief executive was £3.4m in the last financial year, down from £4m in the previous period, according to a Deloitte analysis of filings in the latest season of annual general meetings. Other companies had already moved to address investor discontent, such as Lloyds and Aviva, with Deloitte finding that the number of FTSE 100 companies receiving “low votes” of below 80 per cent in favour on pay fell by around a half from last year to 7 per cent. “Since the introduction of the 2014 reporting and voting regime, we have seen remuneration levels stabilise and a significant shift in the simplification of pay packages,” said Stephen Cahill, vice-chairman at Deloitte.

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