Commenting on the latest FTSE 100 director’s pay trends published on 18th November by Income Data Services – which show that median total earnings of FTSE 100 directors increased by 14 per cent last year – TUC General Secretary Frances O’Grady said:
“Britain’s top bosses are back to their old tricks as their pay is growing 20 times faster than the average worker.
“It’s one thing replacing bonuses with long-term incentive plans, but FTSE 100 companies are simply exploiting this change to make their fat cats even fatter.
“The time has come for legislation to put ordinary workers on the pay committees of companies. This is the only way to bring some sanity to the way in which directors are paid.”
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