High Pay Centre’s Fat Cat Thursday reveals that FTSE 100 CEOs can earn in three days what the average employee is paid in a year.
The pressure on boards over executive pay was renewed yesterday when the day was declared "Fat Cat Thursday" by the UK's High Pay Centre, the day when the average pay of a FTSE 100 chief executive reaches the same level that an average worker will receive for the whole year.
The centre's online tracker shows that it takes just three days for the mean annual salary of a CEO to rack up earnings equivalent to the median UK gross annual salary of £28,758 for a full-time employee.
The tracker reached the landmark level after a year in which average CEO pay fell by a fifth, down from £5.4m to £4.5m. The ratio of CEO pay to the average full
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