"The idea that executives, as a class, are individually contributing over 100 times more in value than the workers they rely on is simply not credible."
"But fat cats are still creaming it in. That's why the Employment Rights Act is so crucial: to give workers a level playing field to get the pay they deserve."
"The Government must act to rein in boardroom greed - including by guaranteeing workers a seat on executive pay committees."
FTSE 100 chief executives receive average annual pay of £4.4 million, equating to an hourly rate of £1,353.23 and far exceeding the typical full-time British salary of £39,039. At that rate, chief executives will have earned the average worker's annual pay within the first three days of the year, reaching the milestone before noon on Tuesday. Commentators characterize the pay gap as implausible given relative contributions and call for stronger worker protections and governance changes, including enforcement of the Employment Rights Act and guaranteed worker representation on executive pay committees to curb boardroom excess.
Read at London Business News | Londonlovesbusiness.com
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