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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