New photo The average FTSE 100 boss has already earned as much in 2019 as the average Briton would in a YEAR

Back in the office and feeling decidedly downcast after the Christmas festivities?

Then the following information is unlikely to lift your mood.

By lunchtime today, the bosses of Britain’s biggest companies will have banked what it takes ordinary workers all of 2019 to earn. So welcome to Fat Cat Friday.

The High Pay Centre and CIPD have urged companies to replace long-term pay plans, which are often linked to share prices and stock options, with a simpler system of a basic salary and a smaller share award [File photo]

Chief executives of FTSE 100 companies have average annual salaries of £3.9million – 133 times the typical worker’s £29,574.

It means these Footsie bosses take around two-and-a-half working days to earn as much as the average employee in a year.

If chief executives returned to their desks at 8am on January 2, they would hit that total at 1pm this afternoon. 

The highest paid British bosses would get there even sooner – with some taking little more than two hours to earn the national average.

The findings – in a report by the High Pay Centre and Chartered Institute of Personnel and Development – pile more pressure on Theresa May to tackle boardroom excess after she criticised the ‘irrational and unhealthy’ divide between bosses and workers.

Luke Hildyard, director of the High Pay Centre, said: ‘Excessive executive pay represents a massive corporate governance failure and is a barrier to a fairer economy. 

Corporate boards are too willing to spend millions on top executives without any real justification, while the wider workforce is treated as a cost to be minimised.’ 

The calculations in the report are based on chief executive pay in 2017 – the latest figures available.

The analysis found the average Footsie boss earns £1,020 an hour – up 11 per cent on the previous year. It assumes they work 12-hour days for 320 working days.

Jeff Fairburn, the former chief executive of housebuilder Persimmon, raked in more than £47million in 2017 and would have earned £29,574 by 10.24am on January 2 – just 2 hours and 24 minutes after returning to his desk [File photo]

The highest-paid British bosses would have earned the equivalent of a typical annual salary on their first day back at work.

Jeff Fairburn, the former chief executive of housebuilder Persimmon, raked in more than £47million in 2017 and would have earned £29,574 by 10.24am on January 2 – just 2 hours and 24 minutes after returning to his desk. He was asked to leave in November after a row over a £75million bonus.

The High Pay Centre and CIPD have urged companies to replace long-term pay plans, which are often linked to share prices and stock options, with a simpler system of a basic salary and a smaller share award.

But Mark Littlewood, director general of the Institute of Economic Affairs, said Fat Cat Friday was a gimmick. He claimed driving down chief executives’ wages would not help workers and would reduce tax revenue.

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News Pictures The average FTSE 100 boss has already earned as much in 2019 as the average Briton would in a YEAR 

You don’t have to pack away your bikini just because you’re the wrong side of 20. These body-beautiful stars reveal their secrets to staying in shape and prove you can smoulder in a two-piece, whatever your age. Read on and be bikini inspired!

TEENS
Hayden Panettiere
Size: 8
Age: 18
Height: 5ft 1in
Weight: 8st

To achieve her kick-ass figure, Hayden – who plays cheerleader Claire Bennet in Heroes – follows the ‘quartering’ rule. She eats only a quarter of the food on her plate, then waits 20 minutes before deciding whether she needs to eat again.

Hayden says: “I don’t have a model’s body, but I’m not one of those crazy girls who thinks that they’re fat. I’m OK with what I have.”

Nicollette says: “I don’t like diets – I see it, I eat it! I believe in eating healthily with lots of protein, vegetables and carbs to give you energy.”

kim cattrall

Size: 10-12
Age: 52
Height: 5ft 8in
Weight: 9st 4lb

SATC star Kim swears by gym sessions with Russian kettle bells (traditional cast-iron weights) and the South Beach Diet to give her the body she wants. To avoid overeating, Kim has a radical diet trick – squirting lemon juice on her leftovers – so she won’t carry on picking.

Kim says: “I am no super-thin Hollywood actress. I am built for men who like women to look like women.”
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