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as of today, the bosses of britain s biggest companies will have made more money in 2024 so far than the typical worker makes all year. and that pay gap is growing. the average pay of the top ftse 100 chiefs amounts to £3.81 million per year, including pensions according to the think tank, the high pay centre. that s equivalent to wait for it £1,170 an hour 109 times the average worker whose median annual salary is just under £35,000. sorry to upset your lunch or dinner. joining me now is chris roebuck a global leadership expert who has worked in major organisations assessing senior leaders performance. hello, lovely to have you with us on the bbc. that will be tough to swallow, won t it? are those figures justified? i swallow, won t it? are those figures “ustified? ~ , ., swallow, won t it? are those figures ustified? ~ , ., ., ., justified? i think you need to ask the question. justified? i think you need to ask the question, lobbyists - justified? ....
including pensions according to the think tank, the high pay centre. that s equivalent to wait for it £1,170 an hour 109 times the average worker whose median annual salary isjust under £35,000. chris roebuck is a global leadership expert who has worked in major organisations assessing senior leaders performance. i asked him if these huge payouts are justified. we will come back to that in a moment. but essentially he told me a little bit more about the talent poaching that the city had to be careful of unless they paid the ceos competitive salaries. this is what he told me. well, i think you need to ask the question. lobbyists are saying, yes, they are justified because we need to attract the best ceos to the uk or to keep them here. but, actually, this is not consistent across the world. if you look at some of the data on that ratio. if you say, if we re at 200, the us is at 270, but funnily enough german is only at 136, so the ratio of germany ceo play t ....
A talent, uk talent would go elsewhere. has that happened, is it happening? there is certainly a global market for the top talent but in ceos heads there is much more than how they re getting paid, it s also about what they can create as a ceo, and their legacy. but, as with any human being, some people want to push it, and some people are happy with not only the money but also doing thejob. those also doing the job. those that push also doing thejob. those that push it, we have seen increasing shareholder revolts coming up, where people are seen saying enough is enough. it is questionable even for us as shareholders whether you deserve that money. to the us, and the biden administration is providing over $160 million to microchip technology to support the domestic production of computer chips. it s the second funding announcement ....
Quite as important as the lobbyists are suggesting- are suggesting. there has been a warnin: are suggesting. there has been a warning that are suggesting. there has been a warning that unless are suggesting. there has been a warning that unless those - are suggesting. there has been a warning that unless those top - warning that unless those top executive salaries went up we would lose the talent, uk talent would go elsewhere. has that happened, is it happening? elsewhere. has that happened, is it ha enin: ? , elsewhere. has that happened, is it haueninu? ., , elsewhere. has that happened, is it haueninu? ,. ., , happening? there is certainly a ulobal happening? there is certainly a global market happening? there is certainly a global market for happening? there is certainly a global market for the happening? there is certainly a global market for the top - happening? there is certainly a| global market for the top talent happening? there is certainly a - global market fo ....