Fat Cat Thursday: UK CEO pay already exceeds average worker salary for the year
Publishing timestamp: 2024-01-04 04:45:18
Summary
The article discusses the significant pay gap between CEOs and workers in the UK. It states that the average FTSE 100 CEO will earn more than the median full-time worker's annual salary by 1 pm London time on Thursday. The article also mentions calls from business and finance figures to increase CEO remuneration and argues against this, highlighting the negative consequences of pay inequality. The Trades Union Congress criticizes the Conservative government for allowing "obscene levels of pay inequality" while workers suffer from a wage squeeze and a growing tax burden. Unions express their determination to fight for fair pay for workers.
Sentiment: NEGATIVE
Keywords: s&p 500 index, banks, ftse 100, wealth, business news,