Saturday, April 19, 2014

A CEO earns the UK average salary in just three days

Inequality Briefing have worked out that the average FTSE 100 Chief Executive earns the equivalent of the average UK salary in just 3 days.

"Explaining the data:
CEO pay of £4.25 million is take from the Manifest survey of CEO pay, while workers’ pay of £27,000 is taken from the Office of National Statistics Annual Survey of Hours and Earnings. To calculate hourly pay, we have (generously) assumed that CEOs take just 10 days annual leave and work an average 12 hours a day, 6 days a week".

Hat tip picture from twitter of US trade union @AFSCME
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