Tuesday, August 18, 2015

Chief executives earn '183 times more than workers'

A report by the High Pay Centre, a think tank which monitors income distribution, shows that top bosses earned on average £4.964m in 2014.

That compares to £27,195 median pay for a full-time employee in 2014, according to official figures.

The High Pay Centre said the executive pay packages went "far beyond what is sensible...to inspire top executives."

The pay gap did not increase dramatically between 2014 and 2013, when chief executives earned 182 times the average workers pay, but the High Pay Centre points out that it is much bigger than in 2010, when CEOs earned 160 times more. Full story...

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