If you want to earn 183 times more than your workers you should strive to become a CEO in the UK. According to the High Pay Center, a London-based think tank, inequality in CEO-to-worker-pay in the United Kingdom continues to increase.
The study focused on chief executives of the top 100 listed companies in Britain. The study found that pay for this group of bosses has grown since 2010.
The group found that Chief executives of FTSE 100 companies earned an average £4.96 million ($7.8 million) in 2014, up from £4.12 ($6.4 million) in 2010. That’s an increase from 160 times the typical worker salary to 184 times.
Among the regions top paid CEO’s are WPP advertising boss Martin Sorrell, who took home nearly £43 million ($67 million) in 2014. Royal Dutch Shell’s (RDSB) Ben Van Beuren was next in line at £19 million ($29.7 million).
High Pay Center Director Deborah Hargreaves says CEOs are earning money that goes “far beyond what is sensible or necessary to reward and inspire top executives.”
The High Pay Center said that shareholders of just two FTSE 100 companies — luxury goods maker Burberry (BURBY) and product testing firm Intertek (IKTSF) — voted against the firm’s executive remuneration plans in 2014. Despite an attempt to slow CEO pay, shareholders have been quick to vote for pay raises when CEOs lead their companies to increased profits.