FTSE 100 CEO Remuneration Reaches To Pre-Pandemic Levels, PwC Analysis Shows: FT

  • A PwC analysis of the first 50 FTSE 100 companies saw that the 2021 median total remuneration for CEOs jumped 34% year-on-year to £4.1 million, the Financial Times reports.
  • A significant hike in annual bonuses drove the growth as some sectors like banks, broader financial services, and the construction industry saw a post-Covid boom. 
  • PwC saw the jump reflect greater investor scrutiny of targets set in 2022.
  • The median total remuneration for FTSE 100 CEOs reached £4.2 million in 2019 during the pre-pandemic time. 
  • The average 2021 executive bonus was 82% of the maximum payout, beating 44% in 2020 and 66% in 2019.
  • PwC found an average outcome of 46% of the maximum long-term incentive plan in 2021, compared with 67% pre-Covid.
  • Only 17% of FTSE 100 companies had frozen their CEO salaries for 2022, compared with 47% in 2021.
  • The analysis coincided with the AGM season, as investors scrutinize executive remuneration to ensure that companies taking furlough money or cutting dividends do not pay bonuses. 
  • Additionally, Russia’s invasion of Ukraine imposes a severe stagflationary shock, and the Covid resurgence in China once again jeopardizes global supply chains.
  • PwC saw that 86% of companies used ESG measures for 2022 plans, up from 64% in 2021, reflecting regulatory pressure.
  • Photo via Pixabay

Posted In: BriefsNewsManagementTech

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.