The chief executives of FTSE100 companies (the 100 biggest companies listed in the UK) have seen their total earnings soar since the turn of the century.
FTSE100 bosses now earn on average £3.34m a year in total, including bonuses and share awards and the like, according to research from the Incomes Data Services (IDS), as we reported earlier today.
That’s an increase of a whopping 278% since 2000.
Back in 2000, FTSE100 CEOs were earning 47 times more than the average full-time employee, according to IDS.
Today, they earn 120 times more than the average full-time employee.
This chart from IDS shows the staggering increase in FTSE100 CEO total earnings over the past 14 years (as a percentage), and how much that’s grown compared with the growth of the average full-time employee.
A bit gutting, we think you’ll agree – unless of course you happen to be one of the top bosses raking it in.