Tim Roache, the general secretary of the GMB union, said the pay gap between bosses and workers was “simply obscene”. The highest paid chief executive in the analysis, which is based on 2016 figures, was Sir Martin Sorrell, who was paid £48m by advertising firm WPP. His reduced pay helped bring down the FTSE 100 chief executives’ median pay packages from £3.97m in 2015 to £3.45m in 2016. Stern said the gap between bosses and workers pay had more than tripled in 20 years. Cheese said bosses pay awards should more widely reflect the impacts of businesses on all stakeholders from employees to society more broadly.

Source: The Guardian January 04, 2018 00:01 UTC