Posted 3/25/2024, 12:02:14 AM
UK academics warn higher CEO pay risks worsening inequality and societal harms
- More than 20 academics warn higher executive pay in UK risks fuelling inequality and harming society
- Median pay for FTSE 100 CEOs was £4.4m in 2022, up 16%; AstraZeneca CEO top earner at £17m
- Some argue higher pay needed to prevent talent drain to better compensated US executives
- Academics say higher inequality strongly linked to worse public health and wellbeing
- Letter coordinated by High Pay Centre urges investors to treat proposals for higher pay with skepticism
