According to the High Pay Centre, the average pay of FTSE 100 CEO's has fallen from £5.5m to £4.5m over the past year. Nevertheless, the report also found that CEO's of the UK's biggest 100 companies were paid 129 times the average wage of employees.
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'20 years ago CEO's were paid 45 times more'
Pay for the chief executives of the UK's biggest 100 companies has fallen by 17% over the past year, as political pressure on FTSE 100 firms to justify the salaries of their highest earners has intensified.
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