The great recession and austerity have been very good to the chief executives of Britain's biggest companies: according to the High Pay Center, the average compensation for FTSE 100 CEOs rose 10% in 2015, to £5.5m -- meanwhile, UK workers' wages have stagnated year on year, averaging £28,200.
At a salary of £1,009/hour, the bosses of corporate Britain make the average worker's annual wage every two and a half days.
Campaigners at the Equality Trust highlighted the gulf between UK executives and key workers. Using High Pay Centre figures for 2015, it found average annual pay for a FTSE 100 boss was £5.48m, or 401 times that of a minimum wage worker. It was also 172 times more than a nurse’s pay and 145 times more than a teacher’s.
The trust’s executive director, Wanda Wyporska, said: “Bosses continue to rake in millions even when they fail, but those who care for us, protect us and teach our children are left struggling to get by. It’s clear our priorities are all wrong.”
The Fat Cat Wednesday calculation assumes bosses started back at work after Christmas on 2 January and is based on median FTSE 100 chief executive pay of £3.97m in 2015 – up from £3.87m in 2014.
UK bosses make more in two and a half days than workers earn all year
[Katie Allen/The Guardian]
10% pay rise? That’ll do nicely
[High Pay Center]
(Image: Big Fat Cat, Tripp, CC-BY)
Since the earliest days of ecommerce, analysts have predicted that retailers would use their estimations of their customers’ willingness to pay to invisibly, instantaneously reprice their goods, offering different prices to each customer.
The Intercept publishes a previously-unseen set of Snowden docs detailing more than $500,000,000 worth of secret payments by the Japanese government to the NSA, in exchange for access to the NSA’s specialized surveillance capabilities, in likely contravention of Japanese privacy law (the secrecy of the program means that the legality was never debated, so no […]
Midge is a semi-disavowed character in the Barbieverse, created in 1963 to counter claims that Barbie was oversexualized; weirdly, in 1982, Mattel made the decision to release a version of the doll, who appeared to be a young teen, as a pregnant lady, with a detachable bump containing an articulated foetus.
All moms are different. But all moms like getting flowers on Mother’s Day, and that’s a fact (not, however a fact we can document in any fashion.) Instead of getting chewed out for forgetting to call her on the second Sunday of May, you can take care of it ahead of time with Teleflora’s flower […]
Yeah, Bluetooth audio is pretty common these days, so why should you care about these earbuds? Look how happy that woman up above looks. She’s got FRESHeBUDS in. Boom. There’s your reason. She’s also at the beach and it appears to be a very nice day.But for the sake of promotion, wireless earbuds are fast becoming the […]
“Gets stuff done,” is a good way to be described by anybody. Especially by coworkers or bosses. Because whether you’re in finance or a children’s librarian, stuff needs to get done. But how do you make sure stuff gets done? You definitely can’t do all the stuff yourself, unless your company/organization/government office consists entirely of you. And […]