Socialist Worker

The rich get richer

Issue No. 2283

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Average incomes will fall by £2,500 by 2013. The poorest third of households will lose three times as much as the richest third

  • 149 years – Time it would take a full-time worker on an average wage to earn the average FTSE 100 chief executive’s wage of £3,855,172

  • £60 billion – rise in wealth of Britain’s 1,000 richest people last year
  • 90% – of workers have seen their pay fall since 2007
  • 207,000 – workers earn less than the minimum wage
  • £3.9 million – average FTSE 100 director’s pension
  • £4,200 – a year average civil service worker’s pension

  • 0% public sector pay freeze
  • 2.7% ‘rise’ in private sector workers’ pay last year
  • 49% rise in FTSE 100 executives’ pay last year

Top 10 highest paid chief executives

Mick Davis (Xstrata)£18,426,105
Bart Becht (Reckitt Benckiser)£17,879,000
Michael Spencer (ICAP)£13,419,619
Sir Terry Leahy (Tesco)£12,038,303
Tom Albanese (Rio Tinto)£11,623,162
Sir Martin Sorrell (WPP Group)£8,949,985
Todd Kozel (Gulf Keystone Petroleum)£8,913,223
Don Robert (Experian)£8,601,984
Edward Bonham Carter (Jupiter)£8,003,641
Dame Marjorie Scardino (Pearson)£8,003,641

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Article information

Tue 13 Dec 2011, 17:13 GMT
Issue No. 2283
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