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Persimmon boss highest paid in FTSE 100 took home £47m in 2017

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  • 15/08/2018
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Persimmon boss highest paid in FTSE 100 took home £47m in 2017
Housebuilders topped the charts of the highest paid chief executives, with the Persimmon and Berkeley Group bosses both making it into the top three pay-packets of FTSE 100 company leaders in 2017, according to think tank the High Pay centre.

 

 

Persimmon’s Jeff Fairburn pocketed a staggering £47m in 2017, giving him the biggest renumeration package out of all the FTSE 100 chief executives, the analysis showed.

Rob Perrins from Berkeley Group came in third place, taking home £27m.

Fairburn’s pay was largely due to a controversial long-term incentive plan dating back to 2012, which came to almost £45m.

Persimmon’s group managing director Dave Jenkinson and group finance director Mike Killoran both received a total of £20.4m and £36.7m respectively in 2017.

Overall the research showed median pay for a FTSE 100 chief executive jumped by 11% in 2017.

The average boss now earns £3.93m a year.

In comparison the median pay of full-time workers has increased by 2% over the same period.

The second-highest paid chief executive was Simon Peckham from manufacturing company Melrose Industries.

The mean pay ratio between FTSE 100 chief executives and the mean pay package of their employees is 145:1, up from 128:1 in 2016, according to the High Pay Centre.

The research also showed leaders are as likely to be called David or Dave, or Stephen or Steve, as they are to be a woman.

The report recommended companies provide clearer information about wider pay distribution within their organisations.

And also said policy-makers and companies should review whether existing remuneration reports can be reduced in length and complexity to ensure they can be easily scrutinised.

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