Socialist Worker

Fat cats get record payouts

Issue No. 2197

Fat cat boss Bart Becht has set a new record for executive pay in Britain by grabbing an astronomical £92 million in cash and shares in one year.

Becht is boss of Reckitt Benckiser and the man behind Cillit Bang kitchen cleaner.

Other bosses in Britain aren’t doing too badly either.

Mick Davis, chief executive at Xstrata, pocketed £27 million last year, while Matt Emmens, chairman of the Shire pharmaceuticals group, took home £10 million – despite only “working” part-time.

Some worry that the publication of the figures will inflame public opinion. Director general of the bosses’ CBI organisation, Richard Lambert, said that people could come to see bosses as “aliens”.

The money’s there to pay for the things we need.

The problem is that none of the mainstream parties want to challenge the bosses and the rich.


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News
Tue 13 Apr 2010, 18:51 BST
Issue No. 2197
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