TOP executives will have earned more money by mid-morning today than the average worker does in a year, making it "fat cat Wednesday", according to a new report.
The High Pay Centre think tank said chief executives in the FTSE 100 were paid an average of almost £4.3 million in 2012, equivalent to an hourly wage of well over £1000, compared with the country's average annual wage of £26,000.
Executive pay has increased by 74% over the past decade, while wages for ordinary workers have remained "flat", the study found.
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Company bosses who returned to work on Monday after the festive break will have made more money in 2014 by mid-morning today than the annual salary of average workers, said the report.
High Pay Centre director Deborah Hargreaves said: "Fat cat Wednesday highlights how insensitive big company executives have become."When top bosses take home more in two-and-a-half days than the average worker earns in a year, there is clearly something wrong."