UK Fat Cats? Mere Kittens
For The Observer/Guardian UK
It’s that time of year again, when executive pay league tables hit the headlines and set off a chorus of union leaders, professors of ethics and the plain jealous who yowl about fat cat pay.
The Monks Partnership issues the most-watched listing and has given The Observer a sneak preview. This year, the finger-waggers won’t be disappointed. The bosses’ pay is up by an average 9 per cent over last year’s 546,000, excluding share options. Take away inflation and that’s three-and-a-half times the percentage pay hike for the average British employee.
