CRH, an Irish building materials group, has been found to have the largest pay differential between chief executive and a median earner among FTSE-100 companies which used UK government Covid-19 support.
The finding was included in research by the UK's High Pay Centre, an independent non-party think-tank established to monitor pay at the top of the income distribution. It found that Albert Manifold, chief executive of CRH, was paid 207 times as much as the median remuneration at CRH. In 2019, he was paid €9.3m, while CRH's median pay was €44,900.
The report analysed the pay ratio disclosures made by 107 UK companies. It found the average CEO of a UK company was paid 55 times more than the company's median earner.
It has been reported CRH used the UK government's job retention scheme.
A spokesman for CRH told the Sunday Independent: "CRH's business has been impacted by the restrictions imposed by governments in the UK and Ireland.
"In response, we have taken a range of actions to mitigate the impact and protect jobs. This includes a voluntary salary reduction by senior executives and board members. We will continue to evaluate the impact on the business and the necessary mitigating actions as the situation evolves."
Sunday Indo Business