Top bosses’ pay is rocketing because nearly half of those on firms’ pay committees are either current or former bosses.
That’s according to a new report by the High Pay Centre.
It says that highly paid current and former bosses have a personal interest in seeing pay rise. More than 46 percent of people on the pay committees are or have been top executives.
A FTSE 100 boss now earns an average of £4.2 million, according to figures from Incomes Data Services.