By Jonathan Davies
The bosses of the UK's largest 100 listed companies are being paid 143 times more than the company average, according to a new report.
The report, published by High Pay Centre, highlights the widening gap in pay at Britain's businesses. In 1998, FTSE100 bosses were paid around 47 times more than the company average.
The report found that the largest pay gap was at Marketing giant WPP. Sir Martin Sorrell, WPP's founder, was paid £30m last year; 780x more than the company average of £38,000.
Rangold Resources. Chief executive Mark Bristow was paid £4.4 million, an incredible 231x more than the company's average salary.
Next's Lord Wolfson was paid £4.6m, roughly 100x more than the retailer's company average of £10,000.
Deborah Hargreaves, director of High Pay Centre, said: "When bosses make hundreds of times as much money as the rest of the workforce, it creates a deep sense of unfairness.
"Britain's executives haven't got so much better over the past two decades. The only reason why their pay has increased so rapidly compared to their employees is that they are able to get away with it.
"The government needs to take more radical action on top pay to deliver a fair economy that ordinary people can have faith in."
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