Outrage as fat cat pay soars by 16% and FTSE bosses bag £500k pay rise
‘CEOs are being highly rewarded for overseeing greedflation’
‘CEOs are being highly rewarded for overseeing greedflation’
‘Median CEO pay is now 118 times that of the median UK full-time worker, compared to 108 times in 2021 and 79 times in 2020.’
FTSE 100 chief executives are paid £3.4m on average, which works out at 103 times the £33,000 average salary for full-time UK workers
The average total pay for FTSE 100 CEOs rose to a record £3.9mn in 2021-22, up from £3.6mn in 2018-19.
‘CEOs are pocketing around £3.6 million in pay, while others face the appalling choice of whether they can heat or eat’
She promised radical reform in boardrooms and that “big business needs to change”, but the plans unveiled today maintain the status quo in the City.
Companies should have a two-tier system of corporate management, a new board of stakeholders balancing out the power of the shareholders.
FTSE 100 chief execs saw their pay decrease 17 per cent this year but they still earn £4.5m on average.
‘Bumper’ salaries sky-rocket to an average £5.5 million
Fat Cat Tuesday explodes the myth that we are ‘all in this together’