Economy alert: Ftse 100 bosses get 18% pay boost as stock market slips back in the red

Economy alert: Ftse 100 bosses get 18% pay boost as stock market slips back in the red

The bosses of Ftse 100 companies have received an up to 18 per cent pay boost despite the stock market slipping back into the red.As of this afternoon, the London's benchmark stock market index fell 0.45 per cent, nearly 50 points, amid the ongoing US-Iran war.Oil prices have jumped today as spooked investors reacted to ongoing disruption in the Strait of Hormuz, the trade route that transports 20 per cent of the world's oil supply.Since the ons…

FTSE 100 CEO pay rises steeply

The average yearly CEO pay packet increased 18% among the 55 members of the FTSE 100 who have so far published their annual reports. According to Deloitte, median chief executive pay increased from £5.01m to £5.89m. The pay rises follow a year in which there was an 88% increase in shareholder revolts over pay in the UK’s largest companies. Despite the increased opposition, Mitul Shah, partner in Deloitte’s remuneration practice, says pay has bee…