Socialist Worker

Bosses grab 288% more

Issue No. 1873

BOSSES IN Britain's top 100 companies have seen their pay shoot up by 288 percent in the last ten years. That is more than six times faster than the average worker's pay has risen. The bosses' gluttony was exposed in figures last week from Income Data Services. Around 62 percent of the directors of the top companies got total earnings of more than £1 million.

Yet millions of workers are condemned to long hours on low pay. Some of these have decided to go on strike to get decent pay, like postal workers and council workers in London this week. Yet the right wing press attacks them for taking such action. The Sun condemned postal workers who wanted to strike over pay.

That's a bit rich coming from a paper owned by billionaire Rupert Murdoch. The chief executive in his BSkyB company was the highest paid fat cat in the Income Data Services list. He grabbed £7,510,723 last year.

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Sat 18 Oct 2003, 00:00 BST
Issue No. 1873
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