British CEOs Will Earn as Much as a Typical Worker Makes in a Year by Lunchtime
- Bosses earning 133 times what employees are paid, study finds
- Gap grows as the FTSE CEOs get 11% increase in compensation
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The year just began, but by Friday afternoon the CEOs of Britain’s biggest companies will have already earned as much since Jan. 1 as the average worker will make in all of 2019.
The FTSE 100 bosses will reach this milestone around 1 p.m. London time, two hours earlier than last year, after an 11 percent jump in pay, according to a report from CIPD, an association for human resource professionals, and the High Pay Centre, a research group. The CEOs will surpass female employees’ full-year earnings even earlier, by around 8:30 a.m.