Mar 22, 2017

Bosses' incomes are 386 times higher than living wage

The Equality Trust charity compared the £5.3m average pay of a FTSE 100 chief executive with the £13,660 earned by someone on the living wage. The findings come as the government prepares to publish the findings of its consultation on corporate pay. One proposal suggested forcing firms to reveal the pay gap between their chief executives and average workers. The charity found the company with the biggest pay gap was WPP. Its chief executive, Sir Martin Sorrell, earned £70m in pay, bonuses and share plans in 2015 - 5,154 times more than someone on the living wage and 2,550 times higher than those on the UK average wage. One third of WPP investors failed to back Sir Martin's pay package at the company's annual meeting.

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