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TOPIC: 160 Years To Earn A FTSE 100 Boss’s Salary

160 Years To Earn A FTSE 100 Boss’s Salary 03 Aug 2017 09:55 #3873

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AUG 2017 Thursday 3RD posted by Conrad Landin

LABOUR has condemned a “mutual back scratching society” of bosses, as new figures reveal it would take an ordinary worker two lifetimes to earn the average pay of a FTSE 100 chief executive.

Britain’s average full-time wage is £28,213. But the figures, compiled by the High Pay Centre and the Chartered Institute of Personnel and Development, show that the bosses of the City’s top 100 firms are paid an average of £4.5 million — which is 160 times as much.
Labour’s shadow Cabinet Office minister Jon Trickett blasted: “Who decides what salaries they get? It seems to be people in very similar positions themselves. It’s a mutual back-scratching society.”
And GMB general secretary Tim Roache said: “We all know we live in a very unequal society — but these figures really bring home the scandalous gulf between the rich and the rest.
“Working people create the wealth in this country — and they are sick and tired of fat cat bosses getting all the cream, especially when everyone else suffers squeezed living standards.”

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