Top FTSE bosses moolah by 5pm tonight ?

In America, according to the article I posted “At most major corporations, typical workers still have to labor over three centuries to make as much as their CEO makes in a year”. Some of the stats it quoted are eye watering.

No growstuff Boris has no intention of introducing any form of capping (or anything else of substantial weight)

Can you just imagine these CEO’s driving home tonight?
6th January and they’ve already earned what our son in law (and others!) will have to work all the rest of this year to equal.

It beggars belief doesn’t it?

The new PM earned just over £800,000 last year from after dinner speeches and writing, in addition to his MP's salary and expenses. I can't see him capping that.

Yes, should be capped. No one can earn these salaries, they are made on the backs of others

I'm with you on footballers and their agents who make money out of the transfer market. Listening to the debate on radio today, there are pros and cons, one assumes they are paid at the market rate, although there was some debate on who sets the market rate. I assume they are paying top wack in tax, plus corporation tax if based in UK and contributing VAT. These CEOs are responsible for the strategic direction of companies and a good CEO v bad CEO can have a massive impact on prosperity of workers, suppliers and their employees. Then there are those CEOs that may have built their business from scratch, taken all financial risk and investment and reap the benefits of that. As with much there is balance and reasonableness. I have more of a problem with golden goodbyes when failing CEO get rewarded for failure or as a lever to get rid of them.

Is headline grabbing and an interesting debate, but these high paid people are the exception and ought to be exceptional people to warrant their salaries, but important to keep perspective.

It’s called a maximum wage - hardly a new idea www.google.co.uk/amp/s/amp.theguardian.com/commentisfree/2018/jun/30/minimum-wage-maximum-wage-income-inequality

No Urmston I don’t think that the pay should be ‘capped’
If it was then it should be so for everyone, not just top FTSE bosses.
It would have to apply to footballers, entertainers and uncle tom cobbley and all.
‘The labourer is worthy of his hire’ ....and if he wasn’t, then the pay levels would soon decrease.

These people are often paid millions for poorly performing or failing companies. The people who do the work and keep those multi million pound companies afloat also deserve to be paid well. These companies are not necessarily incorporated in the UK and will often negotiate tax terms or have very clever tax accountants (like my DH) who know exactly how to structure things to make the tax burden as small as possible for these companies. Interestingly, these accountants could be employed by the Govt to shore up tax loopholes or to advise on legislation but aren’t (or if they are, their advice is cherry picked) for all sorts of political reasons.

I have a problem with both footballers’ and obscene corporate salaries.

These people are heads of multi-million £ companies employing hundreds and thousands of people. The companies if incorporated in UK will pay corporation tax along with VAT and unless they are hiding it in a hedge fund off shore will be paying income tax and NI.

I have more of a problem with footballers who kick a ball for 90 minutes (If not on the bench or sent off) who earn £million + a week. The supporters who’s season tickets are constantly increasing in price are being priced out of supporting their teams.

God my grammar is awful.

I think that time has already shown exactly what type of leader Boris is.

I think that time has already shown exactly the type of leader that Boris is.

I am encouraged by your acknowledgment that the levels of inequality created by Tories Governments needs to be addressed and that the TUC and Labour Party policies make a lot of sense. Shame Leadsom didn’t use this as an opportunity to echo the sentiment or show what the Tories plan to do about it in the coming months and years.

Time will tell eh?

You have created for

Boris and his cronies are absolutely not liberals Urm - I know you’d dearly like that to be true because it’s suits some narrative you have of him but it isn’t. He simply isn’t capable of reuniting the UK (I presume you mean that as opposed to one country?) because he’s been too divisive, too inflammatory in his language, too tolerant of appalling behaviour from his advisors and senior politicians, too dismissive of other parties and devolved administrations.

I said it last year and again now, Boris is a liberal and will invest in the north. He is the one who has realised the country is split and get the wheels moving to reverse it at long last.

It is too easy to ridicule him and try to convince each other that he is a buffoon when the opposite is true.

Will see how he turns out, but labelling his government as ‘far right’ as many commentators have lately, seeming just because he’s clearly pro-brexit, is patently absurd.

And I do hope that your quoting Frances O'Grady of the TUC isn't a sign of approval.

Your hypocrisy is unbelieveable... they were Labour Party policies....

And not “childish” - it might be unpalatable but it’s how capitalism and extremely right wing economies function.

The new PM might make some of the changes I’m hoping to see. It’s early days.

Do you not realise, Ug, that it is FTSE 100 CEOs and their ilk who are FUNDING the party you, and millions of other equally naive people, voted for! Why would a tory PM upset the party's funders?

Isn’t it interesting (but not surprising) that Leadsom had nothing constructive or proactive to offer, just that it was concerning and greater transparency would shine a line on the issue. Meaningless rhetoric.

Me too eazybee.

Frances O’Grady, TUC general secretary, said: “This tells you everything about how unfair our economy is. Every working person plays a part in creating Britain’s wealth. But people at the top are taking more than their share.

“There should be seats for workers on pay committees and company boards to stop fat cats taking more than their fair share. We also need a fairer tax contribution from those at the top, to help provide our public services the investment they need.”

Yes these absurd salaries should be capped; most of them are engineered by legally binding contacts and need tackling at source, which will be difficult and expensive.
I take exception to the statement: Tories are only happy when others are worse off',
Childish.

Absolutely it should be capped - or extremely high salaries should be taxed more effectively, or the minimum wages raised significantly, esp in companies which can afford to pay huge salaries at the top, or any number of other approaches taken. If this Govt (the one you voted for Urm) really wanted to do something to address this level of inequality it would and could, but it’s far easier to shrug and say ‘that’s life, innit’. Tories are only happy when others are worse off.

The new PM might make some of the changes I’m hoping to see. It’s early days.

Of course it should be capped, Ug, or taxed away, but the government you voted for is the least likely one to do it.

There is something rather nauseating about right wing voters wanting measures to restrain 'wealth' which would have been excoriated had they come from a loonie leftie and would have the MSM screaming for the blood of the LW party which proposed it...

It's clearly madness to think one person's labour is worth so much more than another. Don't think a cap would ever be implemented from government.

Some companies do have wage policies though - Suma (the big UK wholefood supplier) for instance.