Angela Ahrendts, the chief executive of luxury fashion brand Burberry, has become the first woman to top the list of highest paid CEOs in Britain, according to a survey of the U.K.'s largest listed companies.
Ahrendts, originally from Indiana in the U.S., took home a 16.9 million pound ($26.2 million) pay package last year, which included benefits, bonuses and the sale of bonus shares, research by proxy voting agency Manifest and pay consultancy MM&K revealed.
Her pay was close to 5 million pounds more than the next highest paid boss, Angus Russell, the outgoing CEO of pharmaceutical company Shire. Russell who earned 12.1 million pounds ($18.75 million) in 2012. Former boss of brewer SABMiller, Graham Mackay, was the third highest paid, with a package worth 9.7 million pounds ($15.1 million) in 2012.
The top five remuneration packages in 2012 were significantly lower than the amounts received the year before, when Barclays' boss Bob Diamond was the highest paid, receiving more than 20.9 million pounds ($32.4 million).
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While individual pay for top CEOs fell, the average pay package of FTSE 100 bosses rose by 10 percent over the year to 4.5 million pounds ($6.98 million).