High Pay Centre thinktank says median pay of FTSE 350 chief executive was £2.5m in 2023-24 financial year
The chief executive of a FTSE 350 company is paid 52 times as much as a typical worker, according to the latest measure of inequality between bosses and their employees.
Median pay for FTSE 350 chief executives was £2.5m last year, which works out at 52 times a median worker’s pay, according to a new report from the High Pay Centre campaign group.
The widest gap was found at the cleaning, security and waste management group Mitie, whose chief executive, Phil Bentley, was paid £14.7m, 575 times more than a middle-earner in the 2023-24 financial year.
Tesco ranked the second highest for the same period among FTSE 350 companies legally obliged to report the figure.
