Only three working days into the new year, fat cat bosses will have earned by 5pm on Monday (January 6) what the average worker earns in an entire year. Figures published today (January 6)…Read more…
Public faith in the system ‘collapsing’
Public anger is at boiling point over sky-high fat cat pay packets, an influential group of investors has warned. People’s patience is wearing perilously thin with bosses awarding themselves…Read more…
‘Fat Cat’ Friday
For most of us, it takes an entire year to earn enough to pay our bills, feed ourselves and keep a roof over heads– and even then, for those in insecure, minimum wage jobs, full-time work does not…Read more…
Fat cat execs still raking it in
Over 500 high-ranking executives rake in wages worth more than £1m a year, despite ordinary workers suffering a cost of living crisis. The Labour Research organisation, which carried out the…Read more…
Fat cat bosses raking it in
There’s no end in sight for UK workers’ wage pain – wage growth slowed yet again in June according to yesterday’s latest labour market figures – but for top chief executives, who have seen their pay…Read more…
‘Back’ pay slammed
New Royal Mail boss Rico Back has joined a litany of fat cat chief executives raking in huge pay packets as their workers struggle to gain modest wage rises. Reports emerged yesterday (May 16)…Read more…
Fat Cat Thursday
On the third working day of the year, spare a moment to think of Britain’s fat cats, who have now earned more than the annual salary of an average UK worker. Today (January 4) is “Fat Cat…Read more…
Watered down
In the UK today, it takes a typical chief executive three days to earn what their employees earn in an entire year. Rising pay inequality has become front and centre in an ongoing national…Read more…
‘Fat cat’ pay
An ordinary worker would have to toil for two lifetimes to earn the average yearly salary of a FTSE 100 boss, according to new research which lays bare the UK’s shocking levels of pay inequality….Read more…
‘No credible link’
Radical action must be taken to overhaul Britain’s system of corporate governance, a committee of MPs has recommended in a report published today (April 5). Among its many recommendations, the…Read more…
Firms move to curb exec pay
Ten percent of the UK’s FTSE 100 firms are deliberating on scrapping long-term incentive plans (LTIPs) to curb astronomical executive pay in response to shareholder revolts on the issue, it has been…Read more…
Green Paper is a missed opportunity to create a Corporate Governance system that works for everyone
The glaring omission of yesterday’s Corporate Governance Green Paper is its failure to include any proposals to deliver on Theresa May’s promise to put workers on company’s boards. On other issues, it includes a few sensible suggestions, but these are wedged between others that would be make little…Read more…
‘Empty proposals’
The collapse of retailer British Home Stores (BHS) earlier this year will go down in history as one of the biggest business scandals of all time, with tens of thousands of people losing their jobs…Read more…
The 45-minute salary: Why we need worker reps on boards
Sir Martin Sorrell is the Chief Executive Officer of WPP, the multinational advertising and PR firm. He’s also retained his place this year as Britain’s highest paid CEO, drawing nearly £70 million in 2015. For those who are used to somewhat fewer zeroes on their pay slips, this might…Read more…
A culture of excess – the pay of the people who set FTSE directors’ pay
The TUC has published a new report on the pay of FTSE 100 remuneration committees members, who are responsible for setting company directors’ pay. Looking at total earnings from their different board positions, it finds that on average FTSE remuneration committee members are paid £441,383 per year…Read more…