FTSE 100 bosses' pay up 11 percent in 2011

  • The average pay of bosses heading the majority of the UK’s largest publicly listed companies rose 11 percent last year to $5.89 million.

    The figures are based on research done on behalf of the BBC by Manifest, an advisor to shareholders.

    The data was calculated based on 60 percent of the FTSE 100 companies who have published annual reports.

    The news was preceded by an announcement made by insurance firm Aviva that boss Andrew Moss would be leaving with immediate effect.

    Moss’s departure comes a week after the company lost a shareholder vote on executive pay at its annual meeting.