It’s tough running a FTSE 100 company, and it’s getting tougher. The average length of service for a CEO is falling, partly propelled by the stifling atmosphere of ESG compliance, but there’s another reason. Given the size of the rewards, there is little point in working anything like the politically correct maximum 10 years at such a full-on job.
There is no evidence of a cost-of-living crisis among leading CEOs during 2022. An analysis of 55 of them by accountants Deloitte concluded that the average FTSE boss saw a 12% pay rise last year, taking (mostly his) pay to £4.15 million.
