Average wage in 29hrs
TOP bosses are pocketing 133 times more in pay than the average worker.
It means that by early afternoon today – dubbed Fat Cat Friday
– they will have made as much in 2019 as typical employees earn all year.
Chief executives of leading UK firms have an average salary of
£3.9million, which has seen them get an 11% rise in just one year.
The increase for greedy bosses similar to Mr Burns of The Simpsons means they only need to work for 29 hours in
2019 to earn the average salary of about £30,524, two hours fewer than in 2018.
Luke Hildyard of the High Pay Centre, which carried out the wages study, said: “Excessive executive pay represents a massive corporate governance failure and is a barrier to a fairer economy. “Corporate boards are too willing to spend millions on top executives without any real justification, while the wider workforce is treated as a cost to be minimised.”
Bosses of FTSE 100 firms are paid more than £1,000 an hour, compared with the national living wage of £7.83. Frances O’Grady, general secretary of the TUC, said: “There are millions of hardworking people in Britain who give more than they get back, but greedy executives are taking more than they’ve earned.
“We need to redesign the economy to make it fair again.”