Saturday, 26 January 2008

Quote of the day

"An annual review by Income Data Services showed that the median total earnings of the chief executives of the FTSE 100 companies - the UK's 100 largest quoted companies - in the financial year 2005/06 was £2m, up 20pc on the previous year.

By contrast, the gross median pay for full-time British employees in April 2006 was £23,600, up a mere 3pc on the previous year. So the typical FTSE 100 boss earned 75.2 times what the typical employee was paid - and just one year's pay rise for that typical boss was £400,000, equivalent to 17 times the total pay of the typical employee."

Robert Peston, Daily Telegraph

1 comment:

Lord Wragley of Myre said...

Which only goes to show that UK CEO's are finally catching up with their US counterparts. Maybe it won;t be long before we see some colossal US-style bankruptcies over here as well! Pip! Pip!