News
Danny McCance 22 Mar 2017 05:11pm

Top CEOs paid 386 times the National Living Wage

An individual being paid the National Living Wage (NLW) will currently earn £13,662 per year

Meanwhile CEOs of the UK’s top 100 companies earn 165 times that of a nurse, according to a study from campaigning organisation the Equality Trust.

The average pay of those heading the FTSE 100 amounted to 386 times of someone earning the NLW. They earn 312 times that of a care worker, 140 times of a teacher and 132 times that of a police officer.

The true pay gap could be even wider as one in five workers are still paid less than the NLW, recent research found.

Dr Wanda Wyporska, executive director of The Equality Trust, said, “Pay inequality drives wider inequality, and we know this is bad for businesses, bad for our economy and bad for our health, our education and our wider society.

“We need far greater transparency on company pay practices to challenge poverty pay and executive excess at the same time.”

According to the report the top 10 highest paid FTSE 100 CEOs are:

1. Martin Sorrell, WPP - £70,416,000 – 2,550 times NLW

2. Rakesh Kapoor, Reckitt Benckiser Group – £23,190,895 – 840 times NLW

3. Jeremy Darroch, Sky – £17,873,503 – 647 times NLW

4. Flemming Ørnskov, Shire – £14,188,692 – 514 times NLW

5. Bob Dudley, BP – £12,887,574 – 467 times NLW

6. Mike Wells, Prudential – £12,682,000 – 459 times NLW

7. Erik Engstrom, RELX – £11,416,000 - 413 times NLW

8. Bill Winters, Standard Chartered – £9,689,000 – 351 times paid NLW

9. Sir Peter Harrison, Schroders and ICAEW member – £8,905,000 – 322 times NLW

10. António Horta Osório, Lloyds Banking Group – £8,704,000 – 315 times NLW

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