Saturday, December 30, 2006

Top bosses' salaries 'race away'


Top executive salaries at FTSE 100 firms have risen seventeen times faster than their workers' pay, the TUC says.

Taking inflation into account, executive salaries have more than doubled since 2000, the TUC calculated.

At the same time, non-executives saw their salaries rise about 6%, once inflation was factored-in.

Brendan Barber, TUC general secretary, said the widening gap between bosses and staff could have "a divisive effect on society and harm the economy".

See full Article (paid subscription required).