UK CEOs Got Record Pay in 2023, Research Shows

The bosses of Britain's biggest companies enjoyed record pay in 2023, with nine firms offering them packages of more than 10 million pounds ($12.75 million), recent research showed, as British workers continue to argue for higher wages, Carolyn Cohn reported for Reuters.

Median FTSE-100 CEO pay was 120 times that of the median full-time British worker. I Photo: Unilever

The median pay for a FTSE-100 company CEO rose 2.2% to 4.19 million pounds last year, according to the think tank High Pay Center.

However, it added that CEO pay growth had slowed compared to the previous two years. Median FTSE-100 CEO pay was 120 times that of the median full-time British worker, the research showed.

Train drivers and family doctors are among the employees in Britain who have taken industrial action this year over pay or conditions.

"The increase in average CEO pay reflects a small number of companies making really large pay awards rather than big increases across the board," said Luke Hildyard, director of the High Pay Center.

He added that Britain had "a business culture that puts the interests of investors before workers, customers, suppliers, and other stakeholders."