CEOs make 632× their average workers, who mostly don't earn living wages

worst example: Starbucks CEO rakes in $96 million in salary alone, while the average worker - who actually creates the value that C-suite leeches drain - earns less than $15 grand

that's 6500× as much pay

six thousand, five hundred times as much pay as an actual worker

the lowest disparity shown on this chart (Walmart) still has its CEO taking almost 1000× as much income as its average worker

"Others campaign on tax and redistribution but the HPC was concerned with “predistribution”. It was unique in looking at the origins of inequality in pay and control over pay rates. Its annual report is always covered, even by rightwing media, because each year it reawakens a sense of disbelief at the way we live now. Why would the median FTSE 100 CEO need £4.4m this year to do his (yes, mostly still his) gratifyingly high-status job? Why?

There will be no more HPC reminders of “high pay day”, well-reported as “fat cat day”. This year it calculated that it took the median FTSE 100 CEO less than two and a half days in January to be paid what a median full-time employee earns in a year. It shocks, it’s put aside, forgotten, then amazes all over again each year.

If anyone really needed proof for whom the British economy is really run they need look no further.

“CEO pay increased to a record high level in 2023."  (Personnel Today: 12/08/24)

While unemployment continues to grow and the cost of living crisis deepens, the median pay for a FTSE CEO's reached a whopping £4.19 million, the highest level of pay ever recorded.

These greedy individuals are now paid 120 times more than the median UK full-time worker. This is financial injustice at its worse.

Luke Hildyard, director of the High Pay Centre is reported to have made this observation:

“The huge pay gap between executives and the wider UK workforce, said Hildyard, was the result of factors such as the decline of trade union membership, low levels of worker participation in business decision-making and a business culture that puts the interests of investors before workers, customers, suppliers and other stakeholders.”  (Personnel Today: 12/08/24)

We all know about shareholder interest being put above all other interests. Just look at the way the water companies are run and financed!

We also know how the courts are used to discourage any criticism of self-serving corporate practices, even when they represent an existential threat to our very existence.

Some peaceful Just Stop Oil protesters were given 5 and 4 year jail sentences, while violent, arsonist rioters who have terrorised UK city centres, are receiving much lesser sentencing. The sentencing in both cases is political in intent and that message is explicit.

Peaceful non-violent protest against big fossil fuel corporations is seen as much more of a threat to the well being of the realm than burning down libraries, attacking the police and terrorising innocent communities.