So, Tesco's boss has just seen his wages for the year gone, nearly double to around £10m....
As you might get the unions are not pleased, especially when society wide wage growth is under 6% in nominal terms and essentially still flat-lining in real terms.
The Sado-monetarists of Threadneedle St. will be saying, 'aha but CEOs are a small group who work hard & don't impact inflation'; in other words: one (economic) law for us & our mates, another for you lot!
"pre-tax profits had soared by 159% to £2.3bn". I remember the days when a very good year for profits meant employees got a very chunky pay rise or bonus too, basically as they significantly contributed to the profits.
It still happens. Good years mean that all of our ‘employees' (we are employee owned) get bonuses once we have agreed on what needs to be reinvested - mainly in training and sponsorship for research students and projects, get a decent bonus and that includes chosen charities who have an honorary ‘job’ and a share equivalent to 2-3 of us ‘normals’.
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