FTSE 100 chief executives’ pay soars by 22% in a year despite cost of living crisis

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The average pay of FTSE 100 chief executives rose by some £700,000 to £3.9m in the past financial year, according to new analysis.

The rise was primarily driven by an increase in annual bonus payments and pay is now “largely back to pre-pandemic levels”, PriceWaterhouseCoopers (PwC ) said.