Executive salaries have increased by 8 per cent in the last year according to research.
Chief executives in parent companies now earn a median basic salary of £394,400 compared to £150,000 in subsidiary companies, claims the research jointly carried out by Bacon & Woodrow, Deloitte & Touche, New Bridge Street Consultants and SCA Consulting.
“The basic salary increases being received by senior executives are more than double those received by staff generally and nearly three times the current rate of inflation,” said New Bridge Street Consultants’ Andy Christie, who was involved in the research.
Chief executives of the top 30 FTSE 100 companies received median basic salaries of over £600,000 last year.
Male executives still earn more than £30,000 more than their female colleagues, and the proportion of women in the boardroom failed to increase. It is currently 10 per cent.