Bosses’ pay has risen by 21 percent in the past year, while average wages for workers have fallen in real terms.
According to a new report from Incomes Data Services (IDS), top executives at the FTSE100 companies now “earn” 120 times as much as the average employee in Britain. Back in 2000 the figure was 47 times. Over those 14 years executives saw their median earnings rise by 278 percent.
Much of the inflated growth in income comes from share awards and bonuses, which top up salaries for the rich.