93 times the worker’s pay: Deloitte chief’s raise draws scrutiny

Deloitte UK chief Richard Houston’s pay rose 45% to £7.1 million, even as the firm cut 1,000 jobs.
Houston earned 93 times the median employee’s pay, up from 65 times the previous year.
• The pay gap has drawn attention as Deloitte cuts jobs and reduces profit-sharing for newly promoted partners.
Deloitte UK’s revenue rose 2% to £5.81 billion, while profits increased 14% to £899 million.

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