The average pay of a FTSE 100 CEO has rocketed from around £1 million a year in the late 1990s to closer to £5 million today.
Tag Archives: high pay
The public are more concerned about inequality than either immigration, cutting taxes or curbing benefits
New polling found that 76 per cent of voters think big businesses has too much power over the government, reports Luke Hildyard.
Strikes, work-related illnesses and staff turnover are more common in organisations with bigger gaps between the highest and lowest earners.
This weekend Swiss voters rejected a referendum proposal to cap pay for top bosses at 12 times the pay of their lowest-paid employees.
Even supposedly ‘self-made’ millionaires rely on taxpayers to support the transport infrastructure, educated workforce and customer base on which their wealth depends.
The pay of FTSE 100 directors grew by 14 per cent in the last year – 20 times faster than that of the average worker.
The annual Manifest/MM&K executive director Total Remuneration survey was released this week, finding that take home pay for the average FTSE 100 CEO was up to £4.3 million in 2012, an increase of 10 per cent on the previous year.