Just like the USA: British CEO's jack up their salaries 55% while Government faces "Austerity" cuts

[n2doc]

UK boardroom pays leaps 55% in a year
'Don't they know that this is meant to be austerity Britain?' said TUC general secretary Brendan Barber


Graeme Wearden
guardian.co.uk, Thursday 28 October 2010 14.56 BST

Britain's bosses have been accused of greed and ignoring economic reality after boardroom pay leapt by 55% over the last year.

FTSE 100 directors saw their total earnings soar in the 12 months to June, thanks to sharp rises in bonuses and performance-related pay. The average FTSE 100 chief executive now earns £4.9m a year, or almost 200 times the average wage.

Unions reacted angrily to the report today. "Don't they know that this is meant to be austerity Britain?" said TUC general secretary Brendan Barber.

"These mega-pay rises blow away any claim that we are all in this together. While the poor and those on middle incomes lose out from cuts and pay squeezes, top directors continue to take home telephone number salaries without being overly troubled by tax," Barber added.

more

http://www.guardian.co.uk/business/2010/oct/28/uk-boardroo-pay-soars

[DCKit]

1. Lookin' across the pond and getting jealous of their peers.

This is going to bite them in the ass. And rightfully so.