Pay - They're all right, Jack
WORKERS, DEC 2005 ISSUE
The total pay of top company directors rose by 18% last year, according to the Income Data Services annual board room survey. Almost half of directors now receive more than £1 million, with eight receiving packages worth more than £5 million. IDS, which has assessed directors' pay for the last 15 years, said that it had never seen so many get so much money.
Under this government there are now over 750,000 millionaires in Britain, surpassing the number of teachers by 200,000. Who's Who is to publish a directory of the top 5,000 names with assets of over £5 million. The devaluing of mere millionaires is such that it is now deemed necessary to have at least £3 million to live a millionaire lifestyle.
As a contrast, average wage settlements last year were between 3 and 3.5%.