BOSSES CASH IN
Monster wage deals for 28 fatcats
LOUIS Tomlinson paid a moving tribute to his mum on the first anniversary of her death. Posting a cute photo of himself as a child with Johannah, the ex-One Direction star wrote on Facebook: “A year TWENTY-EIGHT fatcat bosses have won eye-watering pay rises which shatter Theresa May’s vow to tackle inequality between directors and their workforce.
All of the executives at least doubled their salary package year on year, analysis of boardroom pay reveals.
The biggest rise went to Chris Silva, 55, the departing US boss of science and technology firm Allied Minds.
His package soared by 760 per cent to £6.7million a year. He even gets £400,000 annual salary for the next two years as part of a golden handshake.
In second spot, with a 451 per cent pay rise also to £6.7million a year, is Lee Feldman, 49, chairman of online gambling group GVC.
Next is the chief executive of emergency repairs business Homeserve, 48-year-old Martin Bennett, who got a 412 per cent rise to £3.1million.
The extraordinary salaries has gone by since I lost my best friend. Always in my thoughts and forever in my heart. Love you. Always x.”
Johannah died of cancer aged 43, leaving seven children, including Louis, 25, dad to toddler Freddie are revealed by Labour Research magazine which says top executives’ pay is now 72 times greater than the UK’s average £28,758 salary.
Labour Research, which analysed Britain’s top 350 companies, found 477 executives earn £1million or more. The average pay rise was 2.7 per cent, against 1.4 per cent the previous year.
A spokesman said: “A 2.7 per cent rise would mean an extra £27,000 a year – not far off the entire salary the average worker earns in a year.”
Unions say Mrs May has backtracked on her pledge to tackle the growing pay gap between bosses and workers when she became Prime Minister last year, including plans for an employee representative on boards.
Instead, from next year, firms are expected to reveal the pay ratio of chief executives to the average pay of the workforce.
Unions dismissed the measure as a “pathetic” climbdown. stephen.hayward@
trinitymirror.com