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Commenting on the latest FTSE 100 director’s pay trends published today (Monday) 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:

Commenting on the latest FTSE 100 director’s pay trends published today (Monday) 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.”

NOTES TO EDITORS:

- The latest figures from the Office for National Statistics show that total pay (including bonuses) across the labour market grew by 0.7 per cent in July-September 2013, compared with a year earlier. The 14 per cent rise in total earnings for FTSE 100 directors is 20 times this rate.

- The latest ONS pay figures are available at http://www.ons.gov.uk/ons/rel/lms/labour-market-statistics/november-2013/sty-average-weekly-earnings.html

- The TUC’s campaign plan can be downloaded from www.tuc.org.uk/campaignplan

- All TUC press releases can be found at www.tuc.org.uk

- Follow the TUC on Twitter: @tucnews

Contacts:

Media enquiries:
Elly Gibson   M: 07900 910624     E: egibson@tuc.org.uk

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