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FTSE100 bosses' pay overtakes typical worker's annual salary in less than 3 days

30 points by robtherobber

by thinkingtoilet

1 subcomments

That's such a high expense! I think AI could really automate away a lot of those expenses.

by iso1631

0 subcomment

Yet at a mere £4.4m a year to become a billionaire a FTSE100 boss would have to work 227 years before looking into tax.
As it stands someone on £4.4m a year only picks up £2.4m, with £2m going to the taxman, as well as an extra £660k the employer pays.
Someone picking up £1b through share price increase will pick up £720m after tax -- it will take the FTSE boss 300 years to earn that much.
A FTSE boss with £50m in the bank will earn more from capital growth in an index fund than they will through work.

by DwnVoteHoneyPot

5 subcomments

Unpopular opinion, but I don't care what a CEO makes. It feels like jealousy and envy driving people to care what other people make. An analogy is going onto social media and trying to compare myself to them.
I do want to be paid fairly for my work so the transparency of same job is useful, but a CEO is so far removed from me. I don't compare myself to a major league baseball player either.
Can someone enlighten me to why I should be outraged at this "inequality"?