Good morning: Don’t ask for a pay rise, Bank of England governor Andrew Bailey urged high earners amid soaring inflation back in May. The governor’s plea, it seems, came too late.
Data released overnight by the High Pay Centre reveals that in 2021 the median remuneration package for a FTSE 100 chief executive rose by 39 per cent to £3.41 million from £2.46 million a year earlier, when the Covid-19 pandemic knocked pay.
The pay packets last year were up 5 per cent on pre-pandemic levels in 2019, when the median pay was £3.25 million, according to the research, which identified Endeavour Mining’s Sébastien De Montessus as the FTSE 100’s highest paid chief executive with a total package of £16.8 million.
Emma Powell and Ben
