Chief executive pay packets have rocketed by more than 1,200pc to £4m over the past quarter of a century in a revelation set to inflame the row over excessive pay. A major new study out today shows average total pay among FTSE 100 chief executives has grown thirteenfold from £300,000 in 1987 to £4m today, after adjusting for inflation, with boardrooms adopting "herd-like behaviour" in setting remuneration. The figures show total pay is a ticking "time bomb" with "opaque" links between pay and performance, the report warned. It added that the culture among executives is unlikely to change. Ordinary workers will ... (full story)