Wednesday, January 6, 2016

The bosses of the UK's top firms will earn more in two days than average UK worker will make in whole of 2016

UK top bosses to earn £5m in2016The bosses of the UK's top firms will have made more money in the first two working days of 2016 than the average British worker will earn in the remainder of the year.
According to calculations by the High Pay Centre think tank, company executives returning to work in the new year will have have made more than £27,645 (€37,608, $40,620), the UK average annual salary, by late afternoon on 5 January, the so-called "Fat Cat Tuesday".
The think tank added that the average
pay of CEOs at FTSE 100 companies has now rise to £4.96m, which translates to an hourly pay of more than £1,200 , while the latest Manifest MMK pay survey found the typical value of a FTSE 100 CEO's incentive award has risen by nearly 50% of salary since the previous year.
In comparison, the salary of the average UK worker has increased by just £445 to £27,645.

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