Monday, August 17, 2015

Directors' Pay Sky-High

FTSE 100 chief executives (CEO) earn on average 183 times more than a full-time worker, research suggests.

A report by the High Pay Centre, a think tank which monitors income distribution, showed that top bosses earned on average £4.964 million in 2014. That compares to £27,195 median pay for a full-time employee in 2014.


"Pay packages of this size go far beyond what is sensible or necessary to reward and inspire top executives," said Deborah Hargreaves, director of the High Pay Centre. "It's more likely that corporate governance structures in the UK are riddled with glaring weaknesses and conflicts of interest."

The TUC said that inequality had now reached "stratospheric levels". 

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