Barclay’s boss earns in one year what it would take minimum wage earner 465 years, says TUC
Commenting on today’s (Tuesday) announcement by Barclay’s Bank on bonuses, TUC General Secretary Frances O’Grady said:
“Profits have fallen at Barclay’s Bank and they have had to make huge provision for fines.
“The Chief Executive rightly recognises that the bank’s culture must change, but it is hard to have a positive view of any organisation that pays its boss £5.5 million in a single year – a sum that would take a full-time worker on the minimum wage 465 years to earn.”
“Profits have fallen at Barclay’s Bank and they have had to make huge provision for fines.
“The Chief Executive rightly recognises that the bank’s culture must change, but it is hard to have a positive view of any organisation that pays its boss £5.5 million in a single year – a sum that would take a full-time worker on the minimum wage 465 years to earn.”
3 March 2015
Commenting on today’s (Tuesday) announcement by Barclay’s Bank on bonuses, TUC General Secretary Frances O’Grady said:
“Profits have fallen at Barclay’s Bank and they have had to make huge provision for fines.
“The Chief Executive rightly recognises that the bank’s culture must change, but it is hard to have a positive view of any organisation that pays its boss £5.5 million in a single year – a sum that would take a full-time worker on the minimum wage 465 years to earn.”
NOTES TO EDITORS:
- All TUC press releases can be found at www.tuc.org.uk
- Follow the TUC on Twitter: @tucnews
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