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Which companies have the highest CEO pay?

Jasmine Owens highlights the brands giving executives big paychecks in tech, energy, fashion and other sectors.
 

While many workers supplying big brands do not earn enough to live a decent life, company executives often receive extravagant sums of money each year.

Many of these companies are using up the planet’s resources, and face criticism for carbon emissions and their impacts on the environment. Yet, profits end up in CEOs’ (Chief Executive Officers') pockets instead of being reinvested to reduce the company’s environmental impacts or pay their workers fairly.

Sectors with the highest CEO pay

Our research shows that the technology sector is the most likely to pay extremely high amounts to company directors.

But payments above £10m annually were found in all sectors, including food and drink, health and beauty, entertainment, travel, energy, money, retailers and fashion and clothing. 

Which brands pay the highest amounts?

Below we list a selection of brands that are paying executives large amounts of compensation; we focus on those with operations in the UK that are consumer-facing.

These figures show what the single highest paid director in each company received in total compensation in a given year. 

The highest paid executive was Elon Musk at Tesla: in 2025 shareholders voted to approve a pay package to him of £750m ($1USD trillion) to be paid over the next 10 years.

In the lists below, unless a source link is included, all research is taken from Ethical Consumer’s corporate research database which uses company annual reports or corporate information databases for remuneration data. This list is based largely on companies that Ethical Consumer has researched while producing its ethical shopping guides. As Ethical Consumer hasn’t rated all companies in each sector, it’s possible other companies within the named sectors pay higher rates to CEOs.

Technology sector

The tech industry has the highest remuneration for a single individual.

Table: High CEO pay in the tech industry (listed by largest first)
Company Amount
Tesla £760bn over the next 10 years (2025)
Alphabet (Google and YouTube)  £518.1m over the next three years (2025)
Microsoft  £62.9m (2023) 

Apple
£56m (2024) 
Adobe £39.1m (2024)
Uber £29.6m (2024)
Xiaomi  £29m (2023)
Ford Motor Company  £19m (2024)
Lenovo Group £15.4m (2024)
HP Inc £15.3m (2023)
Rolls Royce £13.6m (2024)

High CEO pay in other industries

High CEO pay is found in many industries. We outline some below.

Finance industry

  • Blackstone: £929m (2025)
  • Goldman Sachs Group: £30.7m (2024)
  • JP Morgan Chase & Company: £28.8m (2023)
  • HSBC (and First Direct): £10.6m (2024)
  • Legal & General: £10.6m (2024)
  • Barclays: £10.5m (2024)
  • Janus Henderson Group Plc: £10.2m (2024)

Food and drink sector

  • Starbucks: £72m (2025)
  • KKR (owner of Bertolli, Flora, Olivio, Stork, and Violife): £54m (2024)
  • Coca-Cola Company: £20.9m (2024)
  • Yum! Brands Inc (owner of Pizza Hut, KFC and Taco Bell): £18.5m (2024)
  • Mondelez: £16.7m (2024)
  • McDonald’s: £13.9m (2024)
  • Restaurant Brands International (owner of Tim Hortons and Burger King): £10.9m (2024)

Health and beauty industry

  • Wella’s owner KKR: £54m (2024)
  • AstraZeneca: £17.7m (2025)
  • Procter & Gamble: £16m (2024-25)
  • Estee Lauder: £14.1m (2025)
  • Colgate Palmolive: £13.3m (2024)

Entertainment industry

  • Netflix: £39.4m (2023)
  • The Walt Disney Company: £30.5m (2024)
  • Comcast Corporation (owner of Sky and NOW): £26.3m (2023)
  • Paramount Global: £23.4m (2023)
  • Spotify: £13.9m (2024)

Travel sector

  • Booking.com and Kayak: £35.1m (2023)
  • Expedia: £18.7m (2024)
  • Airbnb: £13.5m (2024)

Energy industry

  • Exxon Mobil: £33m (2024)
  • Shell: £13.8 (2025)
  • PVH Corp (owner of Calvin Klein and Tommy Hilfiger): £12.3m (2024)
  • BP: £11.7m (2026)

Retailers 

  • Amazon: £29.8m (2024)
  • Elliott Funds (owner of Waterstones): £29m (2023)
  • Ebay: £15.3m (2024)
  • Etsy: £13.2m (2024)

Fashion and clothing 

Other companies

Other companies

World’s four richest billionaires are tech CEOs

Comparing these pay packages to the Forbes Billionaire list, it’s clear that the richest people in the world are those receiving huge compensation from the businesses they own or work for. Tesla, Google (Alphabet) and Amazon directors all top the billionaires list.

World’s highest paid CEO: Elon Musk

Elon Musk grew up in a wealthy family in South Africa and went to an elite private school.

He first hit the Forbes Billionaires List in 2012. Much of his fortune comes from his leadership positions in Tesla and SpaceX. Musk’s net worth in March 2026 was £619.2bn.

Musk is racing to be the first person on the trillionaire list. But he likes to pretend he lives a modest lifestyle and isn’t a big spender, and has celebrated how he once got by on a “dollar a day”, doesn’t own a yacht, and stays on friends’ sofas. Critics argue that his wealth would be better spent helping more people access clean water than increasing his personal fortune. 

Musk used some of his fortune to buy the social media platform Twitter in 2022, before renaming it X. His purchase has led to a boom in misinformation and hate speech on the platform.

After buying X, Musk fired over 80% of the platform's employees, including many of the moderators who previously checked for false or harmful content. He removed the ability of users to report ‘misleading information’, and reinstated over 1,100 previously banned accounts, including Donald Trump and Tommy Robinson, leader of the UK’s far-right.

In the US, Tesla pays direct employees an average wage compared to other companies. But, in its supply chain, it doesn’t commit to paying supply chain workers a living wage. One of its suppliers in China, Ganfeng Lithium, received an abysmal 7.9/100 marks from the World Benchmarking Alliance for its social policies – including 0 marks under its ‘living wage fundamentals’ rating, which assesses whether companies are committed to paying a living wage and support the payment of living wages in its business relationships.

Tesla was also named in 2024 and 2025 reports from Human Rights Watch and The Bureau for Investigative Journalism which said that the company (alongside other brands) were at high risk of sourcing from forced labour in China. Tesla claimed it had “in several cases” mapped its supply chain back to the mining level and not found evidence of forced labour but did not specify further.

What’s included in directors’ pay figures? 

Companies often pay directors a sizable salary, and also bonuses if they hit certain targets. They might also be given shares in the company, which can be valued in the millions should they choose to sell them.

In some countries, like the US and the UK, large public companies are obliged to publish these figures. However, not all countries have the same laws, and private companies do not face the same requirements.

Researchers and the public may therefore often struggle to find out what a director was paid in a given year. Different types of pay such as salaries and bonuses might be listed in different places in a company’s financial reporting, or not published transparently at all.

The figures above are the highest figures we were able to find for the company, and included bonuses and share-based income when it was possible to do so.

Inequality revealed by CEO pay ratios

In the UK, big companies now have to be transparent about how much CEOs get paid compared to the lowest paid employees. 

Since 2019, all publicly listed firms with more than 250 UK employees have to publish the ratio between the total remuneration of their CEOs and the full-time equivalent remuneration of their UK employees on the 25th, 50th (median) and 75th percentile. The 25th percentile is the lowest-paid employees.

This has revealed the huge disparities at many companies. In 2024 HSBC, for example, paid its CEO 283 times as much as its lowest-paid employee.

In the US, Starbucks’ CEO received total compensation 6,666 times higher than the company’s median pay in 2024.

The pay ratio only takes into account the wages of direct employees – so it doesn’t factor in what workers in the supply chain are paid. Some Nike supply chain workers in Cambodia say they earn the country’s minimum wage, amounting to under £151 per month in some parts of the country. 

So Nike’s highest paid director earns over 13,500 times’ the salary of these Cambodian workers.  

What’s the solution to high CEO pay?

Companies with positive pay ratios

Some companies have policies in place to ensure that directors can’t earn shocking amounts more than the lowest or median-paid employees.

For example, Triodos Bank has stated that its highest paid director should not receive more than seven times the median salary of its employees. In 2024 the real ratio was lower than this, at 4.6. Triodos’ director was paid £389,124 in 2024, so from that we can calculate that the median remuneration was roughly £84,590.

Alpkit likewise has a policy stating that the highest paid employee must not receive more than ten times the salary of the lowest-paid. Currently the highest paid employee receives seven times the salary of the lowest-paid.

Here is a list of companies with fairer pay ratios between the highest and lowest-paid employees. As with the previous list, this list is based largely on companies that Ethical Consumer has researched while producing its ethical shopping guides. There are likely other companies not featured in the list within the specific sectors that have proportionate CEO-employee pay ratios.

Clothing

  • Alpkit

Energy

  • GB-Sol

Finance

  • Charity Bank Ltd
  • Ecology Building Society
  • Triodos Bank NV
  • Unity Trust Bank plc

Food

  • Equal Exchange
  • Essential Trading Co-operative Ltd
  • Infinity Foods Co-operative Limited
  • Organico Realfoods Limited
  • Steenbergs Limited (tea)
  • Suma (Triangle Wholefoods Collective Ltd)
  • The Organic Plantmilk Company
  • Veggies 

Health & Beauty

  • Dr Bronner’s
  • Lucy Bee

Home

  • Cheeky Panda
  • Clean Sheet Goods Ltd
  • Naked Paper
  • SESI

Tech

  • Fairphone
  • Green Net

Travel

  • Independent Hostels UK

Misc

  • New Internationalist Cooperative Limited

To read the full details about the company’s pay ratio, sign in or subscribe to Ethical Consumer today. 

Take action: Contact a brand

Contacting brands you buy from asking them to implement a pay ratio policy helps them know it’s an issue customers care about. You can use our email template text here:

Dear [insert brand name]

Over half of the UK population believes the gap between high and low earners in a company shouldn’t grow too wide, according to a 2024 report from the High Pay Centre.

Lots of ethical companies have committed to limiting pay ratios – you can see a list of the companies excelling here on the Ethical Consumer website.

Have you considered implementing a pay ratio policy?

Best wishes

[insert your name]”
 

Support the campaign group addressing high CEO pay

A 2024 report by the economic inequality thinktank High Pay Centre says that how employers distribute expenditure determines living standards of employees. The authors say, “limiting expenditure on top earners could free up resources for investment in the wider workforce”.

It polled 2,000 people in the UK, and found that 55% of people agreed that CEO pay should be capped in relation to the pay of their average employee, so that pay differences between the high and low earners doesn't grow too wide.

You can sign up to the High Pay Centre’s newsletter to stay up to date on their advocacy efforts around fair pay and limiting CEO compensation.