The people who set CEO salaries are also getting massive pay rises...

The people hired by the UK’s biggest companies to decide how much chief executives should get paid are themselves earning on average around £170,000 for attending just a handful of meetings a year, analysis by BuzzFeed News can reveal.

These directors saw their pay packets rise 11% in the last year, according to the most recent annual reports of the 10 biggest companies on the FTSE 100 – Shell, HSBC, British American Tobacco, BP, GlaxoSmithKline, SAB Miller, Vodafone, AstraZeneca, Reckitt Benckiser, and Diageo.

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The jobs are not full-time and typically require around just 30 to 40 days of work per year.

Many of those who set the pay for the chief executives of those companies also have top positions at other major companies, which has led to accusations that they are part of a “self-serving system”. Full story...

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