October 22, 2015
Are top bosses worth 127 Police officers?
The gap between the richest and the rest of us is less of a gap, more an interplanetary divide. Executive pay, in particular, has reached dizzying heights, stretching far away from the salaries of the mere mortals they employ. Research published … by the High Pay Centre shows just how vast this chasm is. On average, FTSE 100 chief executives now receive almost £5m a year – or, put another way, 183 times the average salary. It would take someone on the minimum wage more than 400 years to earn what a top boss takes away in just 12 months.