Continuing our seemingly never-ending posts on those of the capitalist class who have never had it so good , The Herald reports that 15 chief executives earned a basic salary and benefits package of £1million or more in the latest financial year .
Top of the list for the third year running is private Aberdeen housebuilder Stewart Milne. £200,000-a-week package, half of which comprised pension contributions . Then there is
Martin Gilbert, chief executive of Aberdeen Asset Management, on £3.9million a year .
I won't depress you with the full list .
The TUC reports , the total remuneration for directors of FTSE top 100 companies has gone up by 105 per cent more than the cost of living and has increased 17 times faster than average pay .
In addition , directors of the UK's top 100 companies have amassed pensions worth nearly £1 billion between them . On average they can retire at 60 on a final salary pension worth nearly £3 million. The largest directors' pension in each company is worth nearly £5 million , over 40 times more than most staff pensions.
What pension crisis ??
The Glasgow & Edinburgh Branches Blog. Towards a better understanding of the world, in order to change it.
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Paternalism is a common attitude among well-meaning social reformers. Stemming from the root pater, or father, paternalism implies a patria...
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