Fat Cat Thursday: The worst day of the year?

FTSE 100 CEOs aren’t the most popular people in the UK at the best of time but coining the January 4 as Fat Cat Thursday may repulse people further.

It refers to the fact that only four days into the New Year, the majority of top bosses will have earned the average Brits’ yearly income. The average UK annual salary is £28,758 for full-time employees but some CEOs are making roughly £4.99 a minute, which means they make around 120x that of the average UK full-time worker. Although these big wigs have been facing salary cuts on an annual basis, they are still earning millions. By now (18th January 2019) the majority of CEOs will have earned £129,411 – that’s almost the price of a Lamborghini Huracan (£155,400)! To put it into further context, this is what FTSE 100 CEOs can buy roughly every four days on their salary:

Boots

Infographic by Jade du Preez for EN4News

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