Britain’s richest corporate bosses got pay rises of 10 percent on average last year.
The ten highest-paid bosses grabbed £200 million between them, according to the High Pay Centre.
Their average annual salary is now £5.5 million—compared to £5 million in 2014.
According to the data chief executives were paid 140 times workers’ average wages in 2015, a small decline on the previous year when they were paid 148 times.
The jump in average pay last year was driven by especially large increases for a small number of chief executives. The median pay package rose more modestly to £3.97 million, a £100,000 increase on 2014.
Sir Martin Sorrell, the founder of advertising agency WPP, was paid £70 million by the advertising group last year compared to £43 million in 2014. BP chief executive Bob Dudley’s pay increased by a fifth to £13.3 million.
For the average worker, wages rose by 2 percent in 2015, according to the Office for National Statistics.
Top ten fat cats
- Sir Martin Sorrell, WPP, £70.416 million
- Tony Pidgley, Berkeley Group, £23.296 million
- Rakesh Kapoor, Reckitt Benckiser, £23.190 million
- Jeremy Darroch, Sky, £16.889 million
- Flemming Ørnskov, Shire, £14.638 million
- Bob Dudley, BP, £13.296 million
- Erik Engstrom, Relx, £10.869 million
- Mike Wells, Prudential Financial, £10.031 million
- Michael Dobson/Peter Harrison, Schroders, £8.905 million
- Antonio Horta Osorio, Lloyds Group, £8.773 million