Exec pay gap is obscene

Submitted by Matthew on 10 August, 2016 - 11:04

Top UK company bosses now earn on average 129 times the pay of the workers employed by their firms. The High Pay Centre’s annual report released this week shows that the bosses of top firms now earn an average of £5.5 million per year. That is a 10% rise on last year.

On average workers’ pay rose 2% in 2015, according to the Office of National Statistics. Top paid boss is Martin Sorrell of advertising company WPP. Sorrell pocketed £70 million in 2015. And Bob Dudley, the BP boss, took home £13.3 million, despite the company making a loss of $6.5 billion.

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