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Article

10 Jun 2013

Author:
Rupert Neate & Simon Bowers, Guardian (UK)

Burberry chief executive becomes first female at top of Britain's pay league

Angela Ahrendts…took home a total pay package of £16.9m, putting her top of the executive pay league…the chief executive of fashion label Burberry [part of GUS], took home…almost £5m more than the next highest paid chief executive, according to a survey of bosses at Britain's top 350 listed companies…It is the first time a woman has ever risen to the top of the executive pay league. Deborah Hargreaves, director of the High Pay Centre thinktank, said it was quite extraordinary that a woman has finally been able to out-earn men in corporate Britain, but warned that women are still vastly outnumbered and under-paid compared with men. Ahrendts is one of just three female chief executives on the bluechip FTSE 100 list…Frances O'Grady, general secretary of the TUC, said: "It would be wrong to interpret a female topping the CEO pay list as some sort of breakthrough for women's equality. The majority of Britain's boardrooms and senior positions remain closed to women." [also refers to easyJet, Imperial Tobacco]