corporate greed

Big Corporate CEOs Hike Their Salaries

The salaries of chief executives in the FTSE 100 increased by more than a third last year, but most small-business owners have frozen their own pay, the Forum of Private Business (FPB) has said. The survey by MM&K and Manifest found that the average pay of boardroom bosses rose by 32% last year, yet the value of the FTSE 100 share index increased in value by just 9%. During the same period, average pay levels for workers across the UK increased by just 2% — half the rate of inflation — effectively meaning a pay cut for most employees.  Small creative-agency Bliink’s managing director, Tim Coates, said most small-business owners would choose to reinvest surplus funds rather than take large salaries. “For us, like many small firms, the priority is to grow the business and invest in... »