The bosses of Britain’s largest listed companies took home record high pay packets for the third successive year, according to a report.
Analysis found that the record set in the last financial year means the average FTSE 100 chief executive is now paid 122 times the salary of the average full-time UK worker.
Executive pay has been on the rise for the past four years, partly as a consequence of pay cuts taken during the pandemic, at a time when many households are still struggling with a cost of living crisis.
The median pay of a FTSE chief executive climbed to £4.58m in the last financial year, up from £4.29m a year earlier, an increase of nearly 7%, according to analysis by the High Pay Centre.
The most surprising thing is how they manage to justify it to themselves when they definitely would not have a job if it wasn’t for all the low-level workers in any industry. Bezos, for example, can’t deliver every Amazon Prime package nor can he deploy every Amazon Web Services server. Their jobs as CEOs would literally not exist without the laborers.
It’s a serious mental illness and it needs to be fucking treated as such. If anyone needs to be institutionalized it’s people like this.
I don’t care who is justifying it, but no sane person should. How can someone’s sweat be 122 times more worth than another’s?!
This kind of inequality creates a whole new level of skewed entitlements and crookedness.
The rich poor gap is becoming a bigger problem according to this pew research
Most of these CEO’s are not sweating. If any job could be replaced with AI it is the CEO role in many of these groups.