The average FTSE 100 CEO is now paid around 190 times the wages of the average worker, and around 400 times that of someone earning the minimum wage. Executive pay has become divorced from reality, disconnected from performance and totally detached from the pay of other employees. Millionaire bosses are treated as irreplaceable talent, the rest of us are often dismissed as a cost to be reduced. That needs to change.
That’s why The Equality Trust is asking you to sign our petition calling on the UK Government to introduce mandatory pay ratio reporting in the private sector immediately, and require businesses to reveal, and justify, the difference in pay between bosses and workers.