Fat cats ‘out of touch on pay reality’

Research
released by the Transport and General Workers’ Union finds that the top
employers are earning at least 600 times more than the lowest paid
earners. 

Bill
Morris, T&G General Secretary, said : "This is an excessive gap which
shows that Britain’s boardrooms are out of touch with reality on pay."

The
study, conducted for the T&G by Labour Research, claims that the top 10
earners in the FTSE 100 earned a whopping £63m last year, or an average of £6.3m
each.  

However,
the bottom 10 earners only managed to average just over £10,000 each for the
year.

 

Top
ten earners

 

Ken
Berry

EMI

£10,076,225

Bart
Becht

Reckitt
Benckiser

£9,200,733

Tony
Ball

British
Sky Broadcasting

£8,324,623

Jean-Piere
Garnier

GlaxoSmithKline

£7,307,262

Lord
Browne

BP

£5,809,829

Martin
Bandier

EMI

£5,007,855

Robert
H Graham

AMVESCAP

£4,648,016

Michael
Benson

AMVESCAP

£4, 526,049

Peter
Clarke

Man
Group

£4,422,947

Sir
George Mathewson

Royal
Bank of Scotland

£4,184,712

 

Bottom
ten earners

 

Waitresses

£9,048

Female
kitchen porters

£9,545

Female
Bar staff

£9,763

Female
shelf-fillers

£10,105

Female
launderers

£10,195

Female
check-out operators

£10,163

Female
counter hands, catering assistants

£10,484

Female
press stampers & machine operatives

£10,880

Male
kitchen porters

£10,920

 

 

Commenting
on the figures, Morris said: "How can the CBI criticise pay demands of the
low paid workers when they are earning such extreme figures?

 

"It
is a sad reflection of our society that bosses seem to think it is acceptable
to pay themselves telephone number salaries while paying peanuts to thousands
of workers, who are left to struggle on a minimum wage.

 

"The
fat cats should try to live on the wages of their staff before they commence
wage negotiations – that way we might see a reduction in the gap between the
poorest and highest earners in our society." 

 

By
Ben Willmott

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