By early afternoon on Friday last week, the average FTSE 100 CEO had already been paid what it will take a typical UK worker an entire year to earn, according to research from the High Pay Centre and the CIPD.
The average full-time worker in the UK earns a gross annual salary of £29,574, but a FTSE 100 CEO on an average pay packet of £3.9million only needed to work until 1pm on Friday 4 January 2019 to earn the same amount. As a result, the day was nicknamed ‘Fat Cat Friday’.
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