Analysis finds FTSE 100 CEO pay 265 times that of minimum wage worker

By agency reporter
August 16, 2018

A FTSE 100 CEO is now paid an average annual of £3.93 million per year, which is 265 times more than that of a minimum wage worker and 137 times more than a worker on average wage (£28,758). 

Analysis by The Equality Trust found the average pay for a FTSE 100 CEO is:

  • 123 times more than a nurse earns.
  • 103 times more than a teacher earns.
  • 96 times more than a police officer earns.
  • 224 times more than a care worker earns.

Dr Wanda Wyporska, Executive Director of The Equality Trust, said: "The UK is already one of the most unequal countries in the developed world and, today, we have seen those at the top of the pay scale pull further away from the rest of us. This is tearing at our social fabric and undermining our social cohesion as the very visible divides between the very rich and the rest of us grow. When we see working people forced to rely on food banks and children suffering from holiday hunger during the summer, this increase in top end pay is obscene and a badge of national shame.

"We are pleased to see that the Government is bringing forward legislation on pay ratio reporting, which we have long campaigned for. However, until we break up the ineffective, cosy club that current UK corporate governance arrangements represent, by having workers on Boards and on Remuneration Committees, then this scandal is set to continue."

* The Equality Trust https://www.equalitytrust.org.uk/

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