New research has found that the heads of the UK’s biggest companies earn more than the average person’s annual wage in just three days.
The extraordinary finding comes from research by the think tank The High Pay Centre.
The average worker’s annual wage across the country was £31,461 in 2020. A chief executive of a FTSE 100 company gets paid 120 times that amount. This is up from 50 times in 2000 and just 20 times in the 1980s.
The research was done by looking at the annual reports published by the FTSE 100 companies.
Some people have questioned whether this is really fair given the performance of some of these companies in recent years such as the big banks and big energy companies..
Unredacted has been running a poll on our readers’ views on the pay of bosses. Currently three out of four readers think it wrong that bosses earn the average person’s salary over a year in just 3 days.
But perhaps you think bosses are worth the money? Give your view in the comments below.