Britain’s top company bosses on the Financial Times Stock Exchange 100 (FTSE 100) list earned 133 time more than the average British worker last year, a new report has revealed.
The average salary for an FTSE CEO was around £3.9 million in 2018, while the full-time salary in the country was £29,574, according to a report by the Chartered Institute of Personnel and Development (CIPD), an association for human resource professionals, and the High Pay Centre, a research group.
The report was released on Friday, which has become known as the Fat Cat Friday, the day when the country’s top bosses earned more money in 2019 than what average Britons were going to make in the whole year.
According to The Times, the top bosses “needed to work only 29 hours this year to reach average annual pay in Britain, two hours less than last year.”
This means they surpassed their workers’ year-long pay around mid-day Friday. They exceeded female…