It’s Fatcat Tuesday – and that’s nothing to purr about
By the end of today, Britain’s top bosses will have made more money in 2015 than the average UK worker earns in an entire year, according to calculations by the High Pay Centre think-tank.
The calculations show that earnings for company executives returning to work this Monday will pass the UK average salary of £27,200 by late afternoon on ‘fatcat Tuesday.’
FTSE 100 Chief Executives are paid an average £4.72 million. The High Pay Centre found that ,even if CEOs are assumed to work long hours with very few holidays, this is equivalent to hourly pay of nearly £1,200.
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