Socialist Worker

Bosses' pay rockets

Issue No. 2303

There has been some gnashing of teeth in the City over news that executive bonuses may fall slightly this year. But they’ll still reach a predicted total of £2.3 billion.

And bosses of top firms saw their pay rocket by an average of £400,000—that’s 1,500 times higher than the average worker’s below-inflation “pay rise”.

The average FTSE 100 chief executive now gets £3.65 million.

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Tue 15 May 2012, 16:57 BST
Issue No. 2303
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