Fat Cat Salary 169 Times Worker Salary
Published / Last Updated on 21/11/2011
Fat Cat Salary 169 Times Worker Salary.
According to the High Pay Commission, the disproportion between top executives salaries and the average workers pay has been building for 30 years.
The High Pay Commission was set up with charity funding to investigate boardroom pay. Its study details a 12-point plan which includes forcing companies to publish a pay ratio between the highest paid executive and the company median.
Former Barclays chief executive John Varley's salary was quoted in the report. It stated he earned £4,365,636, which was 169 times more than the average worker in Britain. It works out to be an increase of 4,899.4% since 1980, when the top pay at Barclays was £87,323 and just 13 times the UK average.