CEO of a FTSE 350 firm paid '52 times salary of a typical worker'

The chief executive of a FTSE 350 company is paid 52 times as much as a typical worker, according to the latest measure of inequality between bosses and their employees.

- Lauren Almeida

Median pay for FTSE 350 chief executives was £2.5m last year, 52 times a median worker's pay, according to a new report from the High Pay Centre, a campaign group.

The widest gap was found at the facilities management group Mitie, where the chief executive, Phil Bentley, was paid £14.7m, 575 times more than a middle-earner in the 2023-24 financial year.

Tesco ranked the second highest for the same period among FTSE 350 companies legally obliged to report the figure.

With a package worth nearly £10m, its chief executive, Ken Murphy, was paid 431 times more than a typical Tesco worker that year. The most recent ratio for its 2025 financial year was narrower, at a multiple of 373. Murphy's pay fell to £9.2m.

Luke Hildyard, the director of the High Pay Centre, said a maximum chief executive to worker pay ratio could help ensure all workers "get a fair reward for their contribution to business success".