Thursday, August 03, 2017

Bosses Pay V. Workers Wages

Top chief executives' pay has fallen in the past year, but there is still "a huge gap" between them and the rest of their staff, a report has said.
The bosses of FTSE 100 companies now make on average £4.5m a year, down 17% from £5.4m in 2015, according to the High Pay Centre's research. It would take the average UK full-time worker on a salary of £28,000 160 years to earn the same amount.
The think tank said the fall was "limited and very late". Stefan Stern, director of the High Pay Centre, said it was "so far, a one-off".
 The pay ratio between FTSE 100 bosses and the average pay package of their employees had also fallen to 129:1 - meaning that for every £1 the average employee is paid, their chief executive gets £129. In 2015 the ratio was 148:1.

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