Executive pay has reached 162 times the wage of the average worker, following a 15 per cent pay rise for the top 100 bosses in the UK.
The average FTSE 100 chief executive increasing from £4.1m in 2012 to £4.7m last year. In contrast, average pay in the UK is £26,500, according to the Office for National Statistics, while four in five new jobs are in sectors averaging under £16,640 a year for a 40-hour week. The hourly minimum wage of £6.31 per hour would lead to an annual salary of just £13,124 in a year for a worker in a full-time job.
The best paid FTSE 100 boss last year was Sir Martin Sorrell, of advertising giant WPP, who received a total package worth almost £30m. Donald Robert, of financial investment firm Experian, was the second-best paid with £10.1m, while Tidjane Thiam of life insurance and financial services multinational Prudential earned £8.6m.
From here
The average FTSE 100 chief executive increasing from £4.1m in 2012 to £4.7m last year. In contrast, average pay in the UK is £26,500, according to the Office for National Statistics, while four in five new jobs are in sectors averaging under £16,640 a year for a 40-hour week. The hourly minimum wage of £6.31 per hour would lead to an annual salary of just £13,124 in a year for a worker in a full-time job.
The best paid FTSE 100 boss last year was Sir Martin Sorrell, of advertising giant WPP, who received a total package worth almost £30m. Donald Robert, of financial investment firm Experian, was the second-best paid with £10.1m, while Tidjane Thiam of life insurance and financial services multinational Prudential earned £8.6m.
From here
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