Fat Cat Wednesday

grizzly1911

The average FTSE 100 boss earned more money by 9am today than a typical British worker will earn this year, a report reveals today.
On a day dubbed ‘Fat Cat Wednesday’, the report warned there is ‘clearly something wrong’ with the excesses of executive pay in this country.

On average, chief executives in the FTSE index of Britain’s 100 biggest public companies earn a total pay package of £4.3million, including their salary and bonus.....


It calculates the boss is earning around £1,100 per hour, based on ‘generous’ assumptions that they work 12-hour days, work three in four weekends and take only 10 days’ holiday a year......

‘When top bosses take home more in two and a half days than the average worker earns in a year, there is clearly something wrong with the way pay is set for both bosses and workers.’

http://www.dailymail.co.uk/news/article-2535606/Fat-cat-Wednesday-Top-bosses-FTSE-100-companies-earn-average-workers-yearly-pay-9am-today.html

wymondham

That's nothing, my house earns more than me according to some reports!

dryhat

But they're worth it.

They are the top talent in the industry and we need to attract these people to boost GDP and increase our economic well-being.

grizzly1911

dryhat wrote: »

But they're worth it.

They are the top talent in the industry and we need to attract these people to boost GDP and increase our economic well-being.

Intense competition on pay apparently - from the same article.

RBS chairman Sir Philip Hampton has spoken of his ‘completely out of body experiences’ when negotiating bankers’ pay packages at the State-owned bank.
Some were ‘absolutely outraged’ that they earned only £4million a year when a rival at another bank earns £6million to do the same job, he said.

Loughton_Monkey

I calculate that a typical non working Benefits recipient might get something like £18,000 a year. That's £49.31 a day.

I receive no income from the state other than my £100 Heating Allowance.

Therefore, I have calculated that the typical benefits recipient had received, by just after midnight, in the very early hours of 3rd January more money than I for the whole year.

I do no work either. Why is their inactivity worth so much more than my inactivity.

There is clearly something wrong!

ruggedtoast

dryhat wrote: »

But they're worth it.

They are the top talent in the industry and we need to attract these people to boost GDP and increase our economic well-being.

Which was exactly the same facile logic that was used to justify the salary of this douchebag:

dryhat

Satire is obviously lost on this thread.

purch

Is he a new member ??? :eek:

Loughton_Monkey

dryhat wrote: »

Satire is obviously lost on this thread.

I found him. Lurking in a dark corner with his brother Irony.

gazter

grizzly1911 wrote: »

The average FTSE 100 boss earned more money by 9am today than a typical British worker will earn this year, a report reveals today.
On a day dubbed ‘Fat Cat Wednesday’, the report warned there is ‘clearly something wrong’ with the excesses of executive pay in this country.

On average, chief executives in the FTSE index of Britain’s 100 biggest public companies earn a total pay package of £4.3million, including their salary and bonus.....


It calculates the boss is earning around £1,100 per hour, based on ‘generous’ assumptions that they work 12-hour days, work three in four weekends and take only 10 days’ holiday a year......

‘When top bosses take home more in two and a half days than the average worker earns in a year, there is clearly something wrong with the way pay is set for both bosses and workers.’

http://www.dailymail.co.uk/news/article-2535606/Fat-cat-Wednesday-Top-bosses-FTSE-100-companies-earn-average-workers-yearly-pay-9am-today.html

I wonder how many nurses salaries that ftse100 boss would be paying by 9am on his 45% tax rate.

chem1st

Loughton_Monkey wrote: »

I calculate that a typical non working Benefits recipient might get something like £18,000 a year. That's £49.31 a day.

I receive no income from the state other than my £100 Heating Allowance.

Therefore, I have calculated that the typical benefits recipient had received, by just after midnight, in the very early hours of 3rd January more money than I for the whole year.

I do no work either. Why is their inactivity worth so much more than my inactivity.

There is clearly something wrong!

More like £3600 a year. The disabled do get more though.