Remuneration | Fat Cat Friday: Top bosses have already earned what the average worker makes in a YEAR

Fat Cat Friday: Top bosses have already earned what the average worker makes in a YEAR

By early afternoon today, the average FTSE 100 CEO will have already been paid what it will take a typical UK worker an entire YEAR to earn, according to research from the High Pay Centre and the CIPD.

The average full-time worker in the UK earns a gross annual salary of £29,574, but a FTSE 100 CEO on an average pay packet of £3.9million only needs to work until 1pm on Friday 4 January 2019 to earn the same amount. As a result, today has been nicknamed ‘Fat Cat Friday’.

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Comments (2)

  • Sir
    Sir
    Fri, 4 Jan 2019 5:38pm GMT
    Do not worry, Mr Cheese made many millions at Arthur Andersen and Accenture and therefore what he considers excessive executive pay will probably not cover many of the FTSE 100.
  • Sir
    Sir
    Fri, 4 Jan 2019 1:10pm GMT
    This is just free market economics - you have to pay an attractive salary if you want to secure top talent, especially in a competitive market. Internationally mobile, global executives are at a premium and we cannot just put our heads in the sand.