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UK CEO pay rebounds, gap widens with workers – report

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Reuters UK

LONDON (Reuters) – British chief executives’ pay is on track to exceed their employees’ median earnings by more than before the COVID-19 pandemic as profits and executive bonuses rebound, a report from Britain’s High Pay Centre showed on Monday. The ratio of executive pay to median earnings had fallen sharply during the COVID-19 pandemic, due to lower profit-related bonuses, which make up a high proportion of CEO pay. Looking at Britain’s 350 largest listed companies, the ratio of median CEO pay to median employee pay fell to 44:1 in the 2020/21 financial year from 53:1 in 2019/2020. For FTSE-…

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