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08/01/2014
'Fatcat Wednesday' For UK Bosses
Britain's top bosses have already made more money in 2014 than the average UK worker earns in an entire year, according to calculations by the High Pay Centre think-tank.
The calculations show that earnings for company executives returning to work this Monday will pass the UK average salary of £26,500 by mid-morning on 'fatcat Wednesday'.
FTSE 100 Chief Executives are paid an average £4.3m, equivalent to an hourly pay of more than £1,000. Executive pay has increased by 74% over the past decade, while wages for ordinary workers have remained flat.
High Pay Centre Director Deborah Hargreaves said: "Fatcat Wednesday highlights how insensitive big company executives have become. When top bosses take home more in two and a half days than the average worker earns in a year, there is clearly something wrong with the way pay is set for both bosses and workers."
(CD)
The calculations show that earnings for company executives returning to work this Monday will pass the UK average salary of £26,500 by mid-morning on 'fatcat Wednesday'.
FTSE 100 Chief Executives are paid an average £4.3m, equivalent to an hourly pay of more than £1,000. Executive pay has increased by 74% over the past decade, while wages for ordinary workers have remained flat.
High Pay Centre Director Deborah Hargreaves said: "Fatcat Wednesday highlights how insensitive big company executives have become. When top bosses take home more in two and a half days than the average worker earns in a year, there is clearly something wrong with the way pay is set for both bosses and workers."
(CD)
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Northern Ireland WeatherToday:A dry day with long spells of sunshine for most, however eastern coasts will see rather more in the way of cloud at times, with just the risk of an odd light morning shower. Mainly light northerly winds. Maximum temperature 13 °C.Tonight:A fine end to the day with some evening sunshine. It remains dry overnight with a touch of frost possible in places, although cloud is expected to increase towards dawn. Minimum temperature 0 °C.
