Brexit is making wealthiest UK bosses richer in upset to May

Brexit is about to make CEOs of some of Britain's biggest public companies a whole lot richer.

That may sound counter-intuitive since evidence is mounting on how the plan to quit the European Union is hurting businesses. But pay packages of many FTSE 100 chief executive officers are partly tied to how well share prices are doing rather than the CEO's performance - and some stocks are soaring.

British equities got a boost since the June vote because the likes of Rio Tinto Plc, Smiths Group Plc and WPP Plc generate most sales abroad and earn a fortune when they convert these revenues back into the weakened pound. Sterling's fall also made UK stocks more affordable for overseas investors.