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Latest News

GMB head slams ‘sickening greed’ of fat cat bosses

by Personnel Today 1 Aug 2003
by Personnel Today 1 Aug 2003

The
head of the GMB union has slammed fat cat salaries and urged the Government to
get involved and bring rises more into line with the national average.

Kevin
Curran, general secretary of the GMB criticised the ‘sickening greed’ of
Britain’s bosses after a survey by the Guardian newspaper revealed director’s
pay rose seven times faster than that of their workers.

The
survey also revealed that the average salary of a FTSE 100 chief executive is
now a staggering £1,677,685.

"Working
people will be sickened at the level of these pay rises. Fat cat directors seem
incapable of self-restraint when it comes to their own pay. The GMB believes
therefore that the Government should do it for them and force bosses to accept
the same pay rises that they give their workers," he said.

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www.gmb.org.uk

By Ross Wigham

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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