FTSE Bosses to Overtake Average Worker’s Annual Pay by Lunchtime

FTSE bosses returning to the office this week will have earned more by lunchtime today than the average British worker is paid for a whole year, according to a campaign group calling for pay restraint in the UK’s top boardrooms.

The High Pay Centre said Wednesday that median pay for UK workers is £34,963 ($44,144), an amount surpassed by the average blue-chip chief executive officer between Tuesday morning and 1 p.m. on Thursday. That’s one hour less than the CEOs had to work last year to reach the same milestone.