Directors of Britain's top companies secured an average 23% increase in pension payouts in 2008 to almost £250,000 a year, despite most of the firms suffering steep falls in profits, The Guardian says.
The gap between the pensions of shopfloor workers and company directors also widened, with the 373 directors enjoying retirement incomes 30 times those of the average worker, compared to 25 times a year earlier, according to the TUC's annual pensions survey. Brendan Barber, the TUC's general secretary, said the figures revealed how the wealthiest business leaders were feathering their retirement nests regardless of the state of individual companies, the economy or the income due to their workers. The highest-paid directors in each of the 103 companies surveyed by the TUC are already d...
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