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British Blue Chips Snub Investor Calls to Reveal CEO Pay Ratios

Bloomberg

Some of Britain’s biggest companies are bucking calls to reveal more data about executive pay, risking a fresh rift with major investors who are urging the government to combat ballooning wage inequality. Four of the 16 FTSE 100 companies that responded to a Bloomberg survey -- GlaxoSmithKline, AstraZeneca, Aviva and Anglo American -- said they won’t publish a breakdown of how much more their CEOs earn than the average worker, a measure backed by the Investment Association, whose members hold about a third of the stock represented in the benchmark index. While advocates say forcing companies to report pay ratios ...

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