FTSE 100 bosses are unsure of how to spend their money for the rest of the year the Adam Smith Institute has revealed.
As a result of earning the average UK worker’s annual salary of £28,758 in just 32 hours, top Chief Executives face the unenviable prospect of having to endure the rest of the year without worrying about their personal finances – something that has been a birth right for the majority of the UK workforce since the early days of the industrial revolution.
The Adam Smith Institute’s Head of High Pay Mrs. Milly O’Naire said, “We officially declared the first Thursday of the year ‘Fat Cat Thursday’ to alert the rest of the workforce to the plight of our FTSE 100 CEOs. These people make decisions that are critical to the success of a firm so it’s important that the rest of society remembers that they will rarely, if ever, know the thrill of buying a lottery scratch card or topping up a pay as you go sim card.”
The gap between the pay of top executives and the rest of the workforce remains huge despite bosses’ pay dropping by 20% last year and the government has pledged to do more to ensure that our nation’s highest earners are not left out in the cold when it comes to enjoying life’s basic comforts like taking a night bus home that is full of rowdy teenagers playing dubstep on their mobile phone loud speakers.
The average FTSE 100 Chief Executive still earns 120 times more than the average full-time worker and a spokesman for the UK government’s executive pay remuneration department has pledged to provide additional support to business leaders so that they don’t suffer the ignominy of having to choose between a Gulfstream Private Jet or a Benetti Classic Supreme Super Yacht when deciding how to get to the Monaco Grand Prix over the bank holiday weekend.
“It takes a top Chief Executive just three days to earn £28,758 so whilst everybody else is secure in the knowledge that they’ll have to struggle to pay their household bills for the remainder of the year, our poor CEOs are left wondering if they’ll even get the chance to ask the bank for an overdraft ever again,” Mrs. O’ Naire added.