Directors earn `pounds 3,100 a meeting'
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.THE CHANCELLOR of the Exchequer Gordon Brown came under fire yesterday from the TUC for urging pay restraint at a time when company directors were awarding themselves rises of 18 per cent compared with 4.5 per cent for the whole workforce. Calls for wage restraint needed to be aimed at a "closed shop" of directors who voted each other "huge" pay increases, and not at other employees, a study by the TUC argued.
Analysts at the TUC found that one group of 11 individuals held 40 non- executive directorships at Britain's top 50 companies. Such directors were appointed by "personal invitation" and attended an average 10 meetings a year for which they were paid pounds 31,000 - half as much again as the average worker receives for a year's work. At pounds 3,100 a meeting they were clearly involved in "lucrative back scratching", the TUC contended.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments