FTSE 250 CEO Earnings Report

FTSE 250 CEOs earn an average of £1.8 million each, according to a new report from professional services company Deloitte.

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shareprices.com - Thursday, November 02, 2017

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Bosses at companies in the mid-cap index have seen their basic salaries increase by 11 percent compared to 2015, and total pay packages - including pensions and bonuses, have increased by seven percent.

Finance directors at FTSE 250 firms are also enjoying pay rises, with their packages increasing by four percent.

A similar report into FTSE 100 bosses shows that they were paid an average of £3.5 million in 2016, which is a 19 percent decrease from 2015 figures. Strong performances from FTSE 250 companies have helped to boost executive pay, and another factor which could be influencing pay is the diversity of the index. Many companies use the index as a benchmark for pay figures, and this means that some companies could be inflating their payouts even though the overall index average is not a clear indication of what executive pay is like in their industry.

FTSE 250 companies are increasingly using share-based payouts, which can be as much as double their basic salary, as a retention strategy for bosses. This is similar to the strategies that many FTSE 100 companies are now using. In addition, more than half of the companies on the index require executive directors to hold shares to a value of at least 200 percent of their annual salary. Last year, only 40 percent of the indexes listed companies carried that requirement.

 

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