Income and Employment

Fat Cat FTSE CEOs creamed off 212 times more than a minimum wage worker

The Equality Trust’s analysis shows that the average CEO took home 90 times the salary paid to a senior teacher, 186 times the salary paid to a carer and 212 times the salary earned by a minimum wage worker. Based on figures released by the CIPD and High Pay Centre, the average FTSE 100 CEO was paid £3.46m in 2018, earning the average wage before 5pm on Monday 6th January.

Dr Wanda Wyporska, Executive Director, The Equality Trust commented:

Ensure legislation on pay ratios is backed by action to reduce income inequality, says The Equality Trust

Commenting on the BEIS announcement on corporate governance and pay ratios, Dr Wanda Wyporska, Executive Director of The Equality Trust said:

“Legislation forcing companies to publish their pay ratios is long overdue, given that a FTSE 100 CEO now earns an average (median) annual pay of £3.45 million [1], per year, a staggering 242 times more than that of a minimum wage worker.